Lloyd's Maritime Law Newsletter

The issue was the amount of bail to be posted for the release of the vessel Necat A . In the statement of claim the plaintiff alleged that the defendant shipowner was in breach of charter in failing to direct the vessel to proceed to Eilat in Israel..

On 23 February 1996 the defendants’ shipping brokers sent to the plaintiffs’ broker a telex offering to buy the vessel Anna Spiratou at a price of US$4,700,000. Paragraph 2 of the offer contained a term that the buyers would lodge 10%..

The issue was whether the parties had, during the course of the fixture negotiations, agreed to incorporate a clause excluding USA trading. The shipowners considered that such a clause had been incorporated, and that they were accordingly not..

The vessel was chartered on the NYPE form as amended. The shipowners were alleged by the charterers to be a state organisation. Only the first instalment of hire was paid by the charterers. The owners made an urgent application for an Interim Award..