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ARTICLE · 05 MAY 2016

Shelltime 4 – Who Bears Risk Of Arrest?

Reed Smith (Worldwide)
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The Charterers had sub-chartered the vessel on an amended BPVOY form to a company which had intended to export a cargo of crude oil unlawfully from Venezuela.

United KingdomTransport
Sally-Ann Underhill
Sally-Ann Underhill
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In ST Shipping & Transport Pte Ltd -v- Space Shipping Ltd ("CV STEALTH"), the Commercial Court ("the Court") heard an application arising out of an Arbitrator's Award in respect of a dispute under a charterparty on an amended SHELLTIME 4 form.

The Charterers had sub-chartered the vessel on an amended BPVOY form to a company which had intended to export a cargo of crude oil unlawfully from Venezuela. Unaware of this, the Charterers gave orders for the vessel to proceed to Venezuela to load the sub-Charterers' cargo. Suspicions were aroused when the documents were presented at the loadport and the vessel was detained in September 2014 in Venezuela, where she remained at the time of judgment.

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