May 30, 2016

English Supreme Court rules in favour of OW Bunkers


On 11 May 2016 the English Supreme Court delivered its unanimous judgment on the RES COGITANS case in favour of bankrupt marine fuel supplier OW Bunker Malta (“OW Bunkers”) in a dispute over payment liabilities rejecting the further appeal of the ship owners. The outcome was generally expected, as the ship owners had been unsuccessful before the arbitrators, High Court and Court of Appeal.

May 10, 2016

Check list for Operations dept.

One of the main things to do, when a voyage is fixed and you operate vessel on time charter is drafting a check list for the voyage. Though it's not a very hard question, a check list may hardly be standardized, because it's structure depends on a particular voyage. However we may divide it into blocks and try to make universal rules for these blocks. Here's the example of blocks for an easy usual voyage basis 1/1 without passing channels.