Abuse of Subjects in Shipping Negotiations

BIMCO  have  produced  a  warning  in  their  bulletin  regarding  the  abuse of subjects; they quote experiences with Charterers who:

  1. Charterers use the subjects to work and fix several ships at the same time, eventually taking the cheapest ship;
  2. Charterers do not bother to check the suitability of the ship for the cargo, using the failure of the subject as a pretext to get out of the ensuing difficulties;
  3. Charterers fix a ship with two days ‘sub stem’ when they already have their own vessel and are covering the possibility of finding better employment for their own ship.