Posts from November 2018

Demurrage can be extensive and is usually unsecured, and if charterers default owners will look elsewhere. Rights of lien often mean trouble, and it is sometimes better to target a solvent alternative. The recent decision in Sea Master Shipping v Arab Bank (Switzerland) Limited [2018] EWHC 1902 (Comm) (the “SEA MASTER”) brings trade financing banks into focus. 
Singapore Arbitration 2/18 [(2018) 1008 LMLN 4] probably does not greatly develop the law or offer novel interpretation of common fixture wording. It does however illustrate some of the less familiar demurrage and also DA disputes that arise, and the wider problems that can result. 
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