carriage of goods by sea?

Question

Can one claim against a vessel owner or his agent(s) when the said vessel is delayed due to breakdown?

Answer 1

If I remember my maritime biz class correct. There is usually a set amount that would be paid out to party as a penalty when the ship is delayed/late. The amount would very depending on the cargo being carried and it would be written into the carriage contract.

Answer 2

It depends on the terms of your charter and commercial contract obligations.

Normally if a bank has a letter of credit or guarantee for the payment or delivery of the goods, they will have take this into consideration.