Category Nau Newsletter

In Specie

in specie

When cargo is destroyed or irretrievably loses its commercial identity, is it still the same cargo? And if not, can cargo interests refuse to take delivery — and with it, the substantial costs of disposal? This article examines the legal basis for refusing delivery of cargo that is no longer in specie, the circumstances under which that refusal may be justified, and the practical risks cargo interests face when making that tactical decision.

Container GA’s – Reasonableness

Container General Average Rule G Reasonableness

This article examines whether Rule Paramount's requirement of reasonableness overrides Non-Separation Agreement allowances under Rule G in Container General Average. NAU argues that where the commercial adventure for specific cargo has effectively ended, prolonged detention costs cannot be mechanistically recovered — and that a principled standard for container GA adjustments is overdue.

China’s New Maritime Code

China’s new maritime code (“NMC”), effective 01 May 2026, appears to make many changes and with the salient ones as stated below (full details can be viewed at the circular issued by Oasis P&I). Performing Carriers have the same rights…

General Average – Security

We had earlier written on the provision of securityi by the various interested parties (which would include the cargo interests) following the declaration of a General Average (“GA”) and will not repeat what has been published earlier. This article will…

IS DEMURRAGE THE COMPLETE REMEDY?

This paper was presented by Mr Donald Chard FICS, FCIArb at ICMA XXII Singapore, a Chartered Shipbroker and Fellow of the Chartered Institute of Arbitrators. He spent more than thirty-eight years with the UK Chamber of Shipping where he was Head…