Terms and Conditions

Last updated 17-May-18.

Please read these Terms and Conditions of Use and our Privacy Statement carefully; they contain important information about your rights and obligations.

By logging on to this site you accept these Terms.  We may modify them at any time.  Any changes will be made available on the site at least seven days before the changes take effect and you will be deemed to have agreed to the Terms as amended by accessing the site once the changes take effect.  We would therefore advise you to visit this page periodically in order to see any such modifications or revisions.  These Terms and the Maritime Lectures Privacy Policy form a legally binding agreement between us ("the Agreement").

Part 1.  Use of Site

The material contained within this site is the property of Martin Stopford who retains full copyright.  Use of the material is granted to the Client in return for an agreed subscription.  Non-payment does not release the user from his obligations outlined in this contract.

Use of the material in the Web Site is granted only to the person (the "Client") with whom we have contracted.  The Client accepts usage limits to the site and that we may restrict access.  We monitor usage and download levels and reserve the right to terminate access where we consider these excessive.

We may terminate this agreement at any time upon 30 days' prior written notice to the Client.  In such case the Client shall be entitled to a pro-rata refund of any part of the Subscription paid in advance.

Part 2: Use of Material Obtained from the Site

The Client is permitted to download material and use it in support of their daily business internally, and with proper attribution to this site, externally.  This permission for external use strictly excludes using any Material in:

1. reports, presentations, prospectuses or other analyses prepared in connection with any finance or equity raising related activity of any nature.
2. other products or data offered either for sale or for free distribution without in either event having first obtained our written permission.

The Client confirms that they will use Material only in accordance with the Terms and will, on request, provide us with full access, in confidence, to their systems and records as we may require to verify such use.  Any failure to provide full access as required by us or to satisfy us of the permitted use of the Material shall be a fundamental breach of the Agreement.

Without limiting the generality of the above restrictions, the Client is not allowed to download or print the Material, or extracts from it, in a systematic or regular manner so as to create a database in electronic or paper form comprising all or part of the Material appearing on the Web Site.

If any user violates any of the Terms, the Client's permission to use the Material will be automatically terminated and the Client will be obliged to immediately destroy any copies made of all Material pursuant to the Agreement.

Part 3: Limitation of Liability

We do not give any warranty as to the availability, accuracy, completeness, currency or reliability of the information and material published on the web site and expressly disclaim (to the maximum extent permitted by law) all liability for any damage or loss resulting from use of the material published on the web site.

We accept no liability for any indirect or consequential loss or damage, or for any loss of data, profit, revenue or business (whether direct or indirect), however caused, even if foreseeable.  In circumstances where loss or damage are suffered arising from the use of the Web Site, we accept no liability for this loss or damage (except where we have been grossly negligent) whether due to inaccuracy, error, omission or any other cause on our part.  In any event users shall verify that the data supplied is what it purports to be and correct in the context given by carrying out independent checks.

If we are liable to the Client for any reason, the liability will be limited to the amount paid by the Client for the Material in the year the claim arose.

We give no warranties of any kind concerning the Web Site or the Material.  We do not warrant that the Web Site or any of its content is virus free.  The Client must take all precautions in this respect as we accept no responsibility for any infection by virus or other communication or by anything that has destructive properties.  The Client is responsible for ensuring that its computer system meets all relevant technical specifications necessary to use the Web Site.  We cannot guarantee that the site will be on-line at all times, or that all its functionality will be available at any specific time.  We cannot be responsible for any costs incurred involving the servicing or replacement of equipment or data, as a result of any such harmful items being encountered.

Some of the Material on the site is provided by third parties and we are not responsible for this.  It is further agreed that the complex nature of the shipping business may result in inherent limitations, inaccuracies and shortfalls in the Material and other information collected, processed and provided by us.  For example:

1. Material may be based on estimates or subjective judgements (such as ship prices where no sales information for comparable ships is available);
2. The information in the databases of other maritime data collection agencies may vary from the information in our database;
3. Whilst we have taken reasonable care in the compilation of statistical and graphical information, which is believed to be accurate and correct, the compilation of data is inherently subject to limited audit and validation procedures and may therefore contain errors.

The information on the Web Site is not intended to address any particular requirements.  No tax, legal or investment advice of any kind (including advice and opinions with respect to the nature, potential value or suitability of any particular securities transactions, financial products or investment strategy) is being provided.  Any investment decisions made by any user will be based solely on their own evaluation of their financial circumstances and investment objectives and not on the basis of any Material provided or otherwise through the use of the Web Site.

The limitations and exclusions in this clause do not affect the Client's statutory rights.

Part 4: Copyright

Data on this site is prepared by us for the exclusive use of subscribers.

Where any Material is used for external purposes it must include relevant citations and express acknowledgement that copyright in the publication or Material is owned by us.

Part 5: Links to Other Sites

This site contains links to third party web sites.  As these web sites are maintained by others, we are not responsible for their content or accuracy.  We provide the links to third party web sites as a convenience for the client and not as any form of endorsement of these sites.  Any decision to visit a linked third party web site must be taken at the Client's risk.

Part 6: Indemnity

The Client agrees to hold the site owner and its affiliated companies, its agents, officers and employees ("Indemnified Parties") harmless against all demands, actions, claims, liabilities, losses, costs, charges and expenses ("Claims") arising out of your use of the Material or your breach of the terms of this Agreement.  This undertaking shall apply only to the extent that the Indemnified Parties are named, or threatened with being so named, in an action or proceeding alleging that the Material on the site was false or misleading or otherwise partially or wholly gave rise to the alleged cause of action.

Part 7: Third party Rights

Except for the affiliates, directors, employees or representatives of the site, a person who is not a party to the Agreement has no right under the UK Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Agreement.  This does not affect any right or remedy of a third party that exists or is available apart from that Act.

Part 8: Governing Law & Jurisdiction

We do not claim that the Material on the site is suited for any specific use or audience.  If you access the site from outside the United Kingdom, you are responsible for compliance with the laws in your jurisdiction on the downloading of Material.  The registered office of the site is London, England.  The Agreement and all legal claims relating to and arising from use of the Material shall be subject to English law.  The Client agrees to submit to the exclusive jurisdiction of the High Court of Justice of England and Wales, but nothing in these Terms shall preclude us from taking action in any appropriate jurisdiction.

Part 9: Entire Agreement

The Agreement, together with our current Web Site prices, delivery details and contact details sets out the whole of our agreement relating to the supply of Material to you by us and the use by you of the Web Site.  Nothing said by any person on our behalf should be understood as a variation of these terms and conditions or as an authorised representation about the nature or quality of any of the Material or the Web Site.

The Agreement supersedes all prior agreements, negotiations and discussions between the parties relating to the subject matter of the Agreement and the Client acknowledges that it has not entered into the Agreement in reliance on any statement or representation except insofar as the