SeaNews Turkey
Home FAQ RSS Links Site Map Contact Thursday, 24.Jul.2014, 17:42 (GMT)
All News
INTERVIEW
TURKISH STRAITS
SEANEWS MAGAZINE
COLUMNISTS
WORLD SHIPPING
PORTS
SHIPPING NEWS
SHIPBUILDING
ACCIDENTS
PILOTAGE&TOWAGE
MARKETS
LOGISTICS
SHIP RECYCLING
IMO&EU NEWS
PIRACY
TURKISH PRESS REVIEW
SEA SPORTS
NEWS FROM TURKEY
INSIGHT/OPINION
SHIPBROKER REPORTS
OFFSHORE
GUEST COLUMNIST
MARITIME RSS
Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
Who knows?


 
WORLD SHIPPING

Insurers: Ship managers victims of owners' bogus negligence claims
Insurers: Ship managers victims of owners' bogus negligence claims


HARD TIMES have brought about an increase in bogus claims against ship managers by shipowners, warned the International Transport Intermediaries Club (ITIC) in its latest issue of Claims Review.Monday, 14.May.2012, 22:43 (GMT)

HARD TIMES have brought about an increase in bogus claims against ship managers by shipowners, warned the International Transport Intermediaries Club (ITIC) in its latest issue of Claims Review.

The ITIC finds that shipowners are resisting payment of ship maintenance costs and end up owing ship managers, not only for their own fees but also for money paid on owners' behalf, reported London's Tanker Operator.

But when ship managers go to collect, they are charged with negligence in the running of the ship. Resulting claims are costly to defend, the ITIC said.

One case that ended up costing US$250,000 in legal fees, involved a balance of funds owed to the ship manager.

The matter remained idle for five months, until the owner raised a claim against the ship manager, through its lawyers, for alleged negligence, said the report. The owner claimed that the manager was in breach of its duty to maintain the ship in an efficient, employable state and that resulted in significant losses.

The claim put forward by the shipowner was in excess of $17 million and included alleged losses in respect of the vessel's future employment, expenses paid by the shipowner for repairs, spares, drydockings, reduction in the vessel's market value and other additional damages.

The ship manager rejected these allegations in full and lawyers were appointed by ITIC to defend its position. The manager maintained that the vessel's condition had deteriorated due to age, constraints of trade, plus expenditure and maintenance restrictions imposed by the owner.

The manager further stated that the owner was fully aware of the deficiencies and the condition of the ship when it was taken under management. Despite this, the owner had not taken the necessary steps to facilitate remedial action.

Lawyers for the owner pursued the claim against the manager, but the manager's files and correspondence on the ship were in good condition and a thorough audit trail existed for every decision regarding the running and maintenance of the ship.

The ship was eventually scrapped, but the owner continued to maintain that it had a claim against the manager, even though it was unable to provide any proof, or to document its losses, said the report.


Read: 1880 Times- International Transport Intermediaries Club , -


Rating (Votes: 0)
Add your comment(Existing: 0)  Tell friend  Print

COMMENTS ( 0 Existing)

Related Articles:







Events
July 2014
Su Mo Tu We Th Fr Sa
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
 

COLUMNISTS
MOST READ TODAY
Goldman Sachs buys into Turkish Petkim’s Aegean port near Aliaga- 470
Finland to increase pilotage tariffs in 2015- 445
Cruise Liners Scratching Israel off Itineraries- 384
Fugitive Sewol-Owner Found Dead- 230
Seaspan reaches top of fleet ranking among non-operation owners- 209
PIL and Wan Hai first to call at Iranian port since easing of sanctions- 203
Ireland, Belize Ratify ILO Maritime Labour Convention- 200
Demand for Ultra-Large Vessels Changes Course- 197
Hyundai’s Anti-Collision System Testing the Water- 182
Towage Workers Gathering For Towage Conference- 179

E-MAGAZINE
SeaNews June
October Issue
SeaNews June
September Issue
SeaNews June
July/August Issue
SeaNews June
June Issue
SeaNews June
May Issue

News in Pictures


Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


Hot News
Hyundai’s Anti-Collision System Testing the Water
Ireland, Belize Ratify ILO Maritime Labour Convention
Obama uses executive authority to boost infrastructure investment
Matson fined US$9 million and agrees to pay $950,000 to whistleblower
Panalpina profit up 2pc to US$66.5 million, but revenue declines 3pc

 
Archive Search