LCC: Constructive Total Loss and SCOPIC

James Turner, QC of Quandrat Chambers

Members will be aware of the significant Court of Appeal judgment in “The Renos” last year. The claim dealt with the question of whether SCOPIC costs could count towards a CTL calculation in a Hull and Machinery claim. Because of the way in which SCOPIC operates, it is more likely to apply in the salvage of smaller vessels, so the ruling was of particular interest to our type of membership.

The case has now been listed for appeal at the Supreme Court, with a...

http://www.allaboutshipping.co.uk/2019/02/06/lcc-constructive-total-loss-and-scopic/

The BDI@1,296; “thanks” once again to the Capes… but: Caution should be observed!

John Faraclas

The BDI (Baltic Dry Index) gained 59 points earlier on today as the questionable Capes’ BCI clinched another three-digit points and now stand at 1,925 which is 186 plus since yesterday… and soon might be over and above the 2,000 threshold! John Faraclas’ daily brief:

The Panamaxes’ BPI was down two points at 1,472 proving how bad in reality the market is. It is just a Capes’ market; end of the story
A point plus for the Supras’ BSI now at 950…
No change for the Handies with the BHSI...

http://www.allaboutshipping.co.uk/2018/12/05/the-bdi1296-thanks-once-again-to-the-capes-but-caution-should-be-observed/