Tagged: Oct/Dec 1999

CARGO -- SAMPLE -- RECONDITIONING -- ARBITRATION -- Owner Award After sampling the cargo and finding it off spec, the Receiver’s insurance company demanded that the Owner pay for cargo reconditioning. The Owner argued that, upon delivery, the cargo was more pure than the Receiver’s average stock and counterclaimed for punitive cleaning damages.

ASBATANKVOY -- DEMURRAGE -- INTEREST -- ARBITRATION -- Owner Award The Charterers agreed to the Owners’ demurrage invoice; however, they failed to deliver payment over the course of several months. The Owners began arbitration to collect demurrage plus interest.

TEXACOVOY 94 -- LOADPORT -- MANIFOLD -- SALES AGREEMENT -- CANCELLATION -- ARBITRATION -- Seller Award The Vessel had been nominated by the Buyer and subsequently accepted by the Seller. But upon arrival to loadport, the placement of the Vessel’s manifolds made loading impossible and the Vessel was summarily rejected by the Seller. The Buyer claimed that the Seller breached the sales agreement by not rejecting the Vessel in a timely matter and began arbitration to recover cancellation expenses.

SHELLTIME 3 -- TIME CHARTER -- OFF-HIRE -- TANKS -- Owner Award Throughout the life of the time charter, the Vessel was declared off-hire on numerous occasions for tank wall cleaning purposes. And at the end of the contract, the Charterers billed the Owners for the entirety of the time spent off-hire plus the cost of the tank cleaning chemicals.