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Seminar: The Impact of Regulatory Changes on Time Charter Parties - who pays when rules change?
Timothy Hill QC and Tom Whitehead
This seminar looks to address the following question:
A vessel is delivered into her charter party in accordance with her warranted description and is, at that time, fully able lawfully to carry the range of permitted cargoes within the permitted trading areas. During the charter period and as a result of changes in domestic or international laws and/or regulations, the vessel ceases to be able lawfully to carry all such cargoes within the permitted trading areas unless structural or other modifications are made to her. She has at all times remained and been in the same good order and condition as she was when delivered. Is the owner obliged to bring the vessel into compliance?
The talk considers the standard terms of 'condition on delivery' and 'duty to maintain' in the standard forms NYPE 1946, Baltime 1939 and Shelltime 4 and the decision in The Elli and The Frixos [2008] 2 Lloyd's Rep 119. It also looks at recent legislation concerning low sulfur fuels.
All Stone Chambers seminars are SRA CPD accredited.
For further information on this seminar please contact Sarah Longden on sarah.longden@stonechambers.com or 020 7440 6900.