8 maritime news articles about Speed & Consumption Claim
Could peace in the Middle East reverse Europe’s underperformance? in Stock News 11/05/2026 Bank of America (BofA) Global Research has maintained an underweight rating on European equities relative to global benchmarks, suggesting that even a potential resolution to the Iran war may not be sufficient to reverse the reg
This April edition of the Skuld Charterer focuses on the practical issues in speed and performance claims, as well as the benchmark conditions for good-weather days. With bunker price volatility adding further pressure on voyage economics, understanding how tribunals assess evidence and methodology can greatly impact
Home News and Resources News Defence 08 May, 2024 Increasing ships' efficiency and decreasing underperformance claims - a “virtuous circle” Nicola Cox Head of Defence Claims Underperformance claims, where a vessel is alleged to consume more bunkers and/or to steam more slowly than is warranted in the charter party, are
Speed and Consumption -Expert opinion evidence Jul 28, 2022 2 min read Updated: Oct 23, 2024 Lord Hamblen provides his personal insights as a helpful basis for thought and guidance to those performing as experts and play a very important part in dispute resolution, whether that be through settlement, mediation, arbitra
Speed and Consumption Claims (Part I): A practical perspective, Prokopios Krikris Sep 14, 2021 4 min read Part-I-_-Speed-and-Consumption-claims_A-practical-perspective- . pdf Download PDF • 696KB “..
Speed and consumption claims in a nutshell Defence Guides A speed and consumption claim permits charterers to deduct from hire (by way of set off) any extra time and bunkers spent performing a voyage. This claim is however not equivalent to putting the vessel off-hire as the method of calculation can lead to different
Speed and consumption is always a "hot topic", but unfortunately it is also one of the areas of law which bear a very large degree of uncertainty. Often, parties entering into a charterparty will fail to appreciate the significance of the definition of "good weather" that underlies the vessel's performance warranty.
A recent Arbitration Award (London arbitration 15/05) has decided on a number of issues concerning a speed and consumption claim, including the effect of current and whether the master was in breach of his duty under the C/P obligation to proceed with utmost dispatch. This award (again) confirmed that owners are entit