In August, a panel of the Fifth Circuit Court of Appeals held that the time charterer of a bulk carrier, did not exercise operational control over the vessel to be deemed either a de facto vessel owner or bareboat charterer.
Further, in Grand Famous Shipping Limited v. China Navigation Company PTE., Limited, — 45 F.4th– (5thCir. 2022), 2022 WL 3351781, the Court held that the time charterer was not required to investigate either the vessel owner’s finances or its safety management system before executing the time charter.
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