Ne ws let ter19 SEAVENTURE Res identia l Tra iningCoursefor Me mbers Sa nc ti ons – Charter partyCon side rations CONWARTIME1993Clause– Fina lly TriedandTested Charte rers’ Def aultand th e Pitf alls to Avoid De ck Car go – CanLiabilitybe Exclu ded? Pi rac y – Gulf of Adenand In dianOcean CONTENTS 4Bha ra t Boda1945– 2011 4Li ens Ove r Sub-Hire – Is it ReallyJust Stoppagein Tr ans it ? 5 Resi de nti al Trai ni ng Coursefo r Members2012 5A Spa ni sh Ro yalDecree on Shipowners’ Ins ur an ce 6Pir acy – Gu lf of AdenandIndianOc ean 7 NSF – Wha t Certificat es on Deliver y? – Fur therAppeal 8Sa nc ti ons– Charterparty Consid erations 9Deck Ca rgo– CanLi abi lit y be Ex cluded? 9SHELLT IME4 Cl ause15 – Costof Bunkerson Redelivery 10EU – Enfor cement of Judgem entsv ArbitrationProceedings 10Re concili ng Co mpetingTimeBarProvisions – A Stroke of Gen iu s? 11Termi na ting a Ti meCharter – DoLandlordandTenant Pri nci pl es Apply? 11RightShi p Approv al Claus es – TheRightIdea? 12Beware De murrageTi me Bar s andDocumentation (Part II ) 12Deviati on and Fundamental Breach of theContrac t of Car riag e – A Last Goodbye? 13U.S. – Enforcement of ArbitrationClausesin CrewContacts 13Arbi tr atoras Advoc ate? 14The CO NWARTI ME 1993 Cl ause– Finally TriedandTested 14Cre w Cl aims in thePhi lip pin es – Ev er ChangingSeas 15Cali fornia – Enforcem entof Vessel FuelStandar ds up to 24 Mi les fr omCoast 16Enti tl eme nt to Paymentfor HireandBunkersFollowing Te rmi na ti on of Charter 17A Ca uti onary Tal e – WhatGr oundsto Claim? 17Cha rte rers' Default andPi tfallsto Avoid 18Certa intyat Last? – LatestDevelopmentsin Part36 Of fer s 19TwoTe ams , Thr ee PeaksandtheSailor s’ Soc ie ty 2 EDITORIALTEAM NaomiCohen MalcolmShelmerdine SianMorris PaulAmos PaulBrewer SeaVentureis availablein electronicformat.If you wouldliketo receiveadditionalcopiesof thisissueor futureissuesin electronicformatonlypleasesendyour nameandemailaddressto seaventure@simsl.com. Feedbackandsuggestionsforfuturetopicsshouldalso be sentto thisaddress. CONTACT Forfurtherinformation,pleasecontact: SteamshipInsuranceManagementServicesLimited AquaticalHouse 39 BellLane LondonE1 7LU Telephone:+44(0)2072475490and+44(0)2078958490 Website: ww w.sim sl .co m 4 6 9 11 3 2012Ren ewal T heba ck groun d to th e 2012re ne walwas, of cou rs e, th e mos t dif ficult fre ig ht mar ke t for 30 years . For most Membe rs the pr os pe ct ofanyincreasein pr emiumswasextremel y unwelcome. Natur ally, Members would havemuchpre fe rred there toha ve be en nostand ar d incr ease.Nonethel ess, most unders tood th at aninc re asein premium wasneces sary andthattheBo ar d, in settinga standar d in cr ea seof 5%, ha d recognisedthecommerci al rea lit ie s of th e c urrentparl ous st at e of th e shi ppi ng mar ket. Aftermanyarduousan d protractednegotiationsthetarget set by th e Boardwasachieved.ForthissupporttheManagersarevery grateful. In a veryfewcases,us ually wheretherecordwasun sati sfactory,it wasul ti mately notpossib le tocometoanagreement.It is always dis appoi nti ng tolos e busines s, butwe ab so lutely understandtheneedin cu rrentci rcumstancesfo r everyMembertopursuethebestcourseasthey seeit; in allcaseswe partedcompanyongoodtermsandstandreadyto offerourservicesagain in thefu tu re. It is pl easingtoreportthattakingintoaccount growthduring theyearthe Clu b hasachievedits growthtarget.Mostofthegrowthcamefromexisti ng fl eetsin th e traditi onalareasoftheClub’ s business. Solid organic growth withi n a high