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Time Charters in Troubled Waters
“I’m an Owner (Charterer), get me out of here!
Nearly 4 years on from Lehman but the troubles continue, with insolvency and non-payment of hire prompting early termination and a range of legal disputes.
This seminar will look at the financial challenges and market perspective and then examine some of the topical financial and legal issues and how to address them.
Main issues to be covered at this seminar will include:
+ The uncomfortable state of the market today and, possibly, tomorrow
+ Cross-border insolvency issues where charterers or owners default
+ Early termination – calculating net hire instalments and discount for accelerated receipt
+ Early termination – legal issues and pitfalls (The Kos, The Wren, The Mahakam, The Aquafaith)