In tough shipping markets, cash flow is vital. An unpaid demurrage claim can be a major problem. However, with charterers also under cash flow pressure, it is becoming increasingly difficult for owners to recover what they are owed. At BDM we know how to pull the levers to force Charterers to pay what they owe. In fact, we are so confident that we can get a result, that we will only charge you if we get a recovery.
Our service extends to making sure that you submit your claim properly at the outset, that you comply with all the necessary procedures and time limits and don’t make any mistakes. We will send a demand letter to your charterer and start an arbitration against them if we have to. Over 90% of cases settle short of a full legal battle but we make sure that you are in the best position possible to make a recovery. For all this, we charge a modest fee based on what you actually recover. In many cases, we often deduct this from the recovery so you may not have to pay anything up front!
Our success in getting you the best deal stems from our track record as high quality lawyers and the fact that those in the market know that we are serious people. If we have to fight then we will fight and, in most cases, we win and recover a good proportion of your legal costs. Our opponents know that – which is why we achieve such good settlements for our clients.
If you have demurrage claims then please don’t wait to contact us. Many clients allow themselves to be fobbed off with excuses because they don’t want to escalate the matter. It is better to act quickly and involve professionals early in the process. That is more likely to lead to quick payment. Call our office for further information or email one of our founding partners for more details of our “no win no fee” services.
BDM is a specialist shipping law firm offering high quality legal advice and representation at a reasonable price. Please check out our website or follow us on social media by clicking below.