Singapore named arbitrator in time charter party
It is the third seat of arbitration, after New York and London, for the latest version of the most widely used document for fixing charters in the dry cargo sector
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE has solidified its status as one of the world's top maritime arbitration centres by helping in the revision of the most widely used time charter party.
The New York Produce Exchange 2015 time charter party form (NYPE 2015) was issued last October. Representatives from the key bodies behind NYPE 2015 attended to enquiries from maritime players at a seminar held in conjunction with Singapore Maritime Week 2016. They expressed confidence that the document, which incorporated input from industry players worldwide, will gain traction in fixing charters in the dry cargo sector.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
