Skuld: British OW ruling could cause problems for charter

Shipowners are in a much weaker position after the UK Supreme Court ruling in May. Going forward, problems could arise with charter parties, projects Stig Gregersen, Vice President of Skuld. There are several precautions available, although these are difficult to observe in practice.

Photo: OW Bunker

The battles in the wake of the OW Bunker bankruptcy back in the winter of 2014 continue at courts around the world. But after the ruling at the UK Supreme Court in May, the carriers are in a much weaker position than before, and this could cause problems in the future regarding the complicated matter of ship fuel and the rights to this fuel if more bankruptcies happen in the industry.

This prediction comes from Stig Gregersen, Vice President of marine insurer Skuld, which is currently involved in several cases around the world stemming from the OW Bunker collapse.

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