Lloyd's Shipping & Trade Law

Polaris Shipping Co Ltd v Sinoriches Enterprises Co Ltd (The Ocean Virgo) [2018] Lloyd’s Rep Plus 101

Speed-consumption warranties

In time charterparties, the owner will give a speed-consumption warranty on sea passages subject to good weather, ie that the vessel is capable of achieving a certain minimum speed and that at this speed it will consume such an amount of fuel.

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