WRC or Deck Log? Dr. Arun Kasi
Dr. Arun Kasi, 4-5 Gray's Inn Sqaure
This article (in the same or a different version) previously appeared on The Maritime Executive, 29 September 2021 and The Marine Law Box, No. 6, January, 2022.
One of the important warranties that shipowners give in time charterparties is as to the speed-consumption capability of the vessel. Should the vessel’s performance fall below the warranty, the vessel will take a longer time to complete the voyage and/or more fuel. This will in turn cost more hire and fuel for the charterer, for which the charterer will make its underperformance claim. The warranty will typically be subject to good weather. For example, the warranty can be that the vessel is capable of steaming on sea passages in laden condition at the speed of about 15 knots on a consumption of about 30 mt IFO 380 per day under good weather conditions of wind force not exceeding code 4 in Beauford scale and sea state not exceeding code 3 in Douglas sea scale.
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