Lloyd's Shipping & Trade Law

Seafarer falling overboard – Widow’s benefits – Decision whether suicide or accident

The right of owners to claim damages in the event of charterers failing to pay hire and the vessel being withdrawn is complicated. The complication has been reflected in the commentary in Time Charters1 and is generated from conflicting authorities as to whether the contractual obligation of charterers to pay hire punctually and regularly is a condition or an innominate term.

Letters of credit – Whether bank lawful holder of bill of lading – Carriage of Goods by Sea Act 1992