– CTL statutory underpinnings; market themes; market reaction to recent cases; outlining brief case study: which expenses rank
– Sue & Labour expenses:- ranking towards CTL & separately claimable. Level of risk required.
– The Renos decision in the Supreme Court. Expenses prior to NOA.
– NOA issues. Need to give notice in reasonable time.
The shipping industry’s most widely used dry cargo voyage charter party, GENCON, is being revised and updated for the first time in 25 years. This seminar will explore some of the proposed key changes to GENCON including Clause 2 (Owner’s Responsibility) and Clause 10 (Bills of lading/Waybills); safe ports/berths; and Strike Clause versus Force Majeure Clause.
BIMCO’s objective is to produce a much more clearly worded and comprehensive set of terms and conditions with fewer implied terms. But is GENCON’s popularity firmly rooted in its familiarity, simplicity and brevity? How far can the revision go and still be acceptable to the industry?