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New laytime and demurrage considerations under sale contracts

New laytime and demurrage considerations under sale contracts
New laytime and demurrage considerations under sale contracts
The recent case of Profindo Pte Ltd v Abani Trading Pte Ltd [2013] SGHC 10 (Comm) seems to have found, and filled, a gap in the law on sale contract demurrage clauses, and is worth exploring. Where laytime is interrupted during unloading, absent fault from either party, how is demurrage to be calculated between buyer and seller? Is laytime to be suspended during unloading or otherwise? It is worth noting that the parties were in agreement that the variances between cif and cfr contracts were immaterial for the purposes of the appeal
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Awofeso, Adebowale
7b3a0d20-276d-4c81-b3f7-947e05d59d6c
Awofeso, Adebowale
7b3a0d20-276d-4c81-b3f7-947e05d59d6c

Awofeso, Adebowale (2013) New laytime and demurrage considerations under sale contracts. Shipping & Trade Law, 13 (1), 1-3.

Record type: Article

Abstract

The recent case of Profindo Pte Ltd v Abani Trading Pte Ltd [2013] SGHC 10 (Comm) seems to have found, and filled, a gap in the law on sale contract demurrage clauses, and is worth exploring. Where laytime is interrupted during unloading, absent fault from either party, how is demurrage to be calculated between buyer and seller? Is laytime to be suspended during unloading or otherwise? It is worth noting that the parties were in agreement that the variances between cif and cfr contracts were immaterial for the purposes of the appeal

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Published date: 29 January 2013
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Organisations: Southampton Law School
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Identifiers

Local EPrints ID: 347752
URI: http://eprints.soton.ac.uk/id/eprint/347752
PURE UUID: 7df4ab68-c72c-4eea-ab17-d146b0f7f352

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Date deposited: 30 Jan 2013 15:02
Last modified: 11 Dec 2021 01:25

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Contributors

Author: Adebowale Awofeso

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