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2007.11.22
Weathernews (WNI) is pleased to announce that we made a presentation on our “Official Performance Auditing (OPA)” service in the conference held by The London Maritime Arbitration Association (LMAA) at the Cafe Royal on the 22nd of November 2007.
The main arbitration sites are London and New York, but 70% of 3000 cases per year are resolved by London arbitrators. Based on the outstanding value created by WNI's Official Performance Auditing Service, WNI has achieved a unique position of being the only company working closely in conjunction with and supporting the efforts of the LMAA. This completes the first step in establishing WNI as an authority on post-voyage charter party disputes and gives WNI a special appeal for the shipping industry.
The service that Weathernews provides for vessel charterers and owners is to assess ship performance of the voyage with regard to the speed and consumption stipulated in the charter party agreement. Based on arbitration standards our report includes the followings to assist the parties involved to make quick and fair settlements.
Other small weather routing companies provide reports which are not necessarily based on precedents accepted by maritime arbitrators, but simply tailored to give each client an advantage in their current dispute. These companies are disservice to the entire industry by diluting the veracity of information contained in voyage evaluation reports. Therefore we were very pleased to have been granted the opportunity to share our ideas with the international industry through this conference. We wish to sincerely thank the LMAA for this opportunity.