Author: Tan Pui Yen

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Shipbuilding Contracts

Shipbuilding contracts 1. The contract The negotiations leading up to the contract formation are significant in ensuring what the parties want. The parties must not misrepresent their position in order to induce the contract. There are statutory remedies for misrepresentation (s.2 of the Misrepresentation Act 1967).  To have a binding contract there must be an...

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Ship Mortgages

Ship Mortgages 1. Nature Of A Ship Mortgage The nature of a ship mortgage is statutory under most legal systems. Under English law it is governed by the statutory provisions of the Merchant Shipping Act 1995, Schedule 1, and the accompanying Merchant Shipping (Registration of Ships) Regulations 1993. The registration of a ship mortgage under...

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Nature of Time Charters, Description of Ship, Delivery Date and Cancelling Clauses

Nature of time charters, description of ship, delivery date and cancelling clauses 1. Nature of time charters In the classic phraseology, ‘the Owners agree to let and the Charterers agree to hire the vessel from the time of delivery for a period of’ (see NYPE 93 and NYPE 2015, clause 1). Except in a demise...