Category Nau Newsletter

Abortive General Average

Recently, another major container casualty unfolded – the fire on board Xpress Pearl and which resulted in both the vessel and the cargo on board becoming a Total Loss. While the investigations are ongoing, we believe that once the circumstances…

FOB or FCA?

This is the fifth guest article written by L M Mohamed Ismail1. We thank Ismail for this wonderful article and look forward to seeing more such contributions from him and others. INCOTERMS has been the mainstay of international trade since…

The EVER-GIVEN Mela – III

This article is a continuation of the earlier two articles we had written (The EVER-GIVEN Mela & The EVER-GIVEN Mela-II) on the  grounding of EVER-GIVEN at the Suez Canal on 24th March 2021. While we had hoped that issues relating…

The EVER-GIVEN Mela

Mela is a Sanskrit word meaning ‘gathering’ or ‘to meet’ or a ‘fair’. The reason behind using this word in the subject heading is to emphasize the multitude of issues arising from this incident. By way of a background, The…

Cargo Condensation – Issues

This is the fourth guest article written by L M Mohamed Ismail1 – it seems to us that he has has caught the writing bug. We thank Ismail for this wonderful article and look forward to seeing more such contributions…

Trade Credit Risk

Of late, we have been seeing more enquiries in relation to Freight Forwarders / NVO’s (“SP”) clients being wound up / liquidated1. SPs are therefore concerned and wish to ascertain how they could recover their unpaid charges. This situation, perhaps,…

Bunker Insurance

Bunkersi was initially used to denote storage containers for coal used in Steamships to feed furnaces on ships to generate steam.  As coal was the original fuel for steamships, the word has now become synonymous with fuel used in ships.…