The supply of bunkers represents one of the most expensive outlays for vessel owners and operators. Contract defaults can lead to massive losses whilst quality and quantity disputes can lead to substantial delays and claims. In this increasingly regulated sector Clyde & Co has unparalleled experience acting for owners, time charterers, physical suppliers, traders and brokers.
We find prompt and cost-effective solutions for owners, suppliers and traders on complex quality and quantity disputes. The practice is focused mainly in the UK and Singapore but is supported by our international office network.
For debt claims, the team has successfully represented suppliers and traders in over 30 jurisdictions:
- Recovering monies through the arrest of vessels, sister vessels and associated vessels
- Recovering unconsumed bunkers under retention of title provisions
- Exercising liens over assets
- Attachment orders
- Liquidating companies
We believe no other firm has a better record in recovering monies for an innocent supplier or trader. We also have a strong advisory practice for the bunkering industry. We regularly draft terms and conditions of business for trading companies and advise on all aspects of regulatory issues.
The "top notch" head of our bunker practice, Andrew Preston, is one of the recognised industry leaders. He is director of, and the legal counsel to, the International Bunkering Industry Association.