Ship Chartering

As a charterer’s broker, your principal has chartered a handy-size vessel for a trip-time charter under NYPE 93. The warranted speed was about 18 knots. The
vessel gave an expected time of arrival of 27 February 2023. However, due to a main engine breakdown the vessel did not arrive until 31st March 2023. The
charterer had to pay a penalty to the shippers due to
the vessel’s late arrival. Further, loading was delayed because of
continuous breakdowns of ship’s gears, and, whilst at the berth, the main engine was overhauled. The vessel then proceeded to the discharge port, but she
could only achieve an average speed of 11 knots.
Write a report to the charterer advising him of his legal rights.
Note: This assignment requires a minimum of 10 references (you can put more ofcourse).
CRITERIAS:
1: Explain common shipping documents used for liner and tramp trade
2:Interpret shipping reports for charter party contracts
3: Describe the legal and ethical responsibilities of brokers, charter party and owners