Fortior advises on demurrage claims brought by one of the biggest oil trading companies

Fortior advises on demurrage claims brought by one of the biggest oil trading companies

Fortior was engaged by a major Geneva petroleum trading house in relation to a demurrage claim brought by S. The claim was worth approximately US$1 million and related to six tanker vessels.

Fortior engaged in correspondence and advised the client in relation to various complex issues of English law, such as (i) whether the client was bound by the terms of the charter party concluded by S after the trading contract was signed; (ii) whether it was open to S to conclude a charter party on terms materially different from its standard voyage charter party without the client’s approval; and (iii) the interaction between S’s GTCs and the terms of the charter party.

Following Fortior’s engagement and advice, the client settled the claim for approximately 30% of its value.

The client’s in-house counsel commented upon Fortior’s performance as follows: “I am very pleased with Fortior’s work. They bring tremendous value for the money they charge. Fortior is a rising star in shipping and international dispute resolution work. I’ve had a lot of experience with large English shipping firms, and I would not hesitate to recommend Fortior above all of them”.

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