We have received reports that the " GLOVIS CORONA ",
a 1996 built vehicle carrier flying the Korean flag, has listed on
the 26th December and has been taken to the port of Bremerhaven as
a port of refuge.
It is reported that a number of heavy vehicles shifted. The
vessel was able to move into a safer location yesterday.
It is carrying a cargo of vehicles bound for a number of ports
It is also possible that General Average will be declared, and
we expect there to be some PA damage due to the cargo shift and the
reported water entry into some cargo spaces.
So far as any recovery is concerned, we have identified the
vessel's P&I Club, which is headquartered in England.
If you would like assistance in dealing with any potential GA
claims and recovery of your losses, please do contact us.
Vessel: "GLOVIS CORONA"
Casualty date: 26th December 2016
Casualty type: Listing
Vessel type: Vehicle carrier
Year built: 1996
Voyage to/from: Germany to Gothenburg also
Middle East ports but cargo to/from many ports
With the inclusion of an electronic bills of lading clause in the latest iteration of the NYPE form, as well as the International Group of P&I Clubs' approval of 3 electronic trading systems, we discuss some of the possible advantages and disadvantages of such systems to international trade.
It is common practice for traders, usually when they are the sellers of the goods and the charterers of a vessel, to instruct the carrier to discharge cargoes without production of the original bills of lading and to agree to indemnify the carrier against the consequences of doing so.
A trading dispute under an FOB contract provides the opportunity to clarify a number of issues including the role of local custom in the nomination of a port, whose right it is to nominate a loading place within a port, the nomination of a vessel incapable of loading at the original loading place and the nomination of a vessel incapable of performing the shipment.
Zohar Zik considers the decision of ACG Acquisition XX LLC v Olympic Airlines SA, where the court refused to grant summary judgment on a claim for unpaid rent in respect of a leased aircraft where it was arguable that ACG Acquisition XX LLC ("ACG"), the lessor, had breached the lease agreement and failed to provide Olympic Airlines SA ("Olympic"), the lessee, an aircraft in an airworthy condition.
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