grain shipments to turkey, middle east and north africa

19
By Andrey Perepelits Senior lawyer, ACIA Grain shipments t Turkey Middle East a North Afri

Upload: -

Post on 22-Feb-2017

167 views

Category:

Business


5 download

TRANSCRIPT

Page 1: Grain shipments to Turkey, Middle East and North Africa

By Andrey PerepelitsaSenior lawyer, ACIArb

Grain shipments to Turkey,

Middle East andNorth Africa

Page 2: Grain shipments to Turkey, Middle East and North Africa

WHATMAY

AFFECT?DISTANCE

CONFLICTS

PAYMENT DELAYSLOCAL SPECIFICS

Page 3: Grain shipments to Turkey, Middle East and North Africa

BLACK SEA – EGYPT: 5-7 DAYSBLACK SEA – UAE: 12-14 DAYSBLACK SEA – IRAN: 14-16 DAYS

TURKEY: 2-3 DAYS

Page 4: Grain shipments to Turkey, Middle East and North Africa

Goods: BarleyTerms: FOBLoading: Ukraine Discharge: UAEDemurrage: As per C/P(USD 8000 PDPR)

Page 5: Grain shipments to Turkey, Middle East and North Africa

QUANTITY

DISPUTE

Page 6: Grain shipments to Turkey, Middle East and North Africa

WHAT IS CHEAPER?

Page 7: Grain shipments to Turkey, Middle East and North Africa

ESCROW AGREEMENT

Page 8: Grain shipments to Turkey, Middle East and North Africa

Goods: BarleyTerms: CIFLoading: Ukraine Discharge: IranPayment: 10% advance upon signature60% after loading30% against cargo docs

Page 9: Grain shipments to Turkey, Middle East and North Africa

Where are the monies?

Payment arranged.SWIFT slip as confirmation.

NOT RECEIVED!

Page 10: Grain shipments to Turkey, Middle East and North Africa

... Payment transaction is considered to be completed when the funds are at disposal of the recipient in accordance with the agreements of the receiving bank with the recipient or in accordance with normal practice in the bank of receiving country

RULES OF TRANSACTIONS

Page 11: Grain shipments to Turkey, Middle East and North Africa

It seems you are in default!What we are going to do with this…?

What are the options?

Page 12: Grain shipments to Turkey, Middle East and North Africa

• Default Notice• Goods sold to the 3rd party• Calculation of default price and expenses• Official claim• Arbitration• Enforcement

OPTION 1

Page 13: Grain shipments to Turkey, Middle East and North Africa

OPTION 2• Additional Agreement• Vessel shall not enter territorial waters of

country of destination until full payment received

• All expenses for the Buyers’ account

Page 14: Grain shipments to Turkey, Middle East and North Africa

LOCAL SPECIFICSCUSTOMSSANITARYJUDICIARY

BUSINESS STYLE

Page 15: Grain shipments to Turkey, Middle East and North Africa

DISCOUNT?

DETENTION!

NO WAY!

Page 16: Grain shipments to Turkey, Middle East and North Africa

CONFLICTSP&I ISSUES

WAR CLAUSESINSURANCE ISSUES

FORCE MAJEURE

Page 17: Grain shipments to Turkey, Middle East and North Africa

TIPS & TRICKS

FOREWARNED IS FOREARMED

GET ADVICEREAD THE CONTRACTS

USE THE TOOLS

Page 18: Grain shipments to Turkey, Middle East and North Africa

24 / 7 / 365

Page 19: Grain shipments to Turkey, Middle East and North Africa

PLAY YOUR GAME .

You are not limited by the horizon