Owners risk costly dispute claims with shipbuilders.
Publication: Europe Intelligence Wire
Publication Date: 31-OCT-05
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Byline: Inadequate freight demurrage and defence cover vital
SHIPOWNERS have been warned that the current rise in the number of ships on order has the potential to see a significant increase in legal disputes as market dynamics generate the potential for problems.
Robert Platt, partner at maritime legal specialist law firm Curtis Davis Gerrard, says that the owners should look to ensure they have adequate freight demurrage and defence cover for newbuilding disputes. He says that despite the attempts of the P'I clubs...
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