Unbiased & Efficient Settlements

At Weathernews, we offer a holistic approach to performance assessment, ensuring you have the data and insights you need, not just after the voyage, but throughout the entire journey.

In maritime charter party agreements, vessels are typically warranted to perform at specific speeds and consumption rates under good weather conditions. This warranty becomes effective when these favorable conditions are met. Our auditing methodology aligns with English Case Law, which allows us to assess a vessel's performance in ideal weather conditions and then extrapolate this assessment to evaluate the vessel's overall voyage performance.

Under the common law system, legal decisions of higher courts set precedents binding all lower courts. Arbitration tribunals, at the lower end of this legal hierarchy, must apply the principles established by higher English Law courts. This ensures a consistent and legally sound approach to our auditing support.

At Weathernews, we recognize that vague charter party terminology often leads to disputes within the maritime industry. We have witnessed countless disagreements arising from ambiguous terms, particularly the inclusion of the Douglas Sea Scales in charter party agreements.

Drawing from our extensive experience in inspecting thousands of charter party agreements, we advocate for clearer terms to prevent disputes. To this end, we have proposed a Speed and Consumption Clause that defines good weather, performance measurements, and dispute resolution. This clause, aligned with the Good Weather Method from English Case Law, offers objectivity, guidance in disputes, and adaptability for parties' needs.

We believe it will significantly reduce disputes related to good weather interpretation, performance assessment, and voyage damage/savings calculations.