Performance Disputes

Performance disputes in the context of charter party agreements arise when there are disagreements between ship owners and charterers regarding the performance of the vessel. This can include issues like failure to meet speed or fuel consumption expectations, delays in delivery, or non-compliance with agreed terms. Such disputes can lead to financial losses and damages. Resolving these conflicts often involves assessing contractual obligations, performance metrics, and sometimes legal action to determine responsibility and compensation. Understanding the specific terms of the charter party is crucial in addressing these disputes effectively.