The Hong Kong Convention introduces a new global framework for safe, transparent ship recycling. This article explains what the Convention requires, how it overlaps with Basel and EU rules, and what owners and yards must do to achieve responsible, compliant recycling.
Hong Kong Convention on Ship Recycling: What Shipowners Need to Know Read More »
We delve into the recent English High Court decision in O v C ([2024] EWHC 2838 (Comm)), which provides guidance on handling disputes involving U.S. sanctions in an arbitration context under English law. The judgment highlights the challenges faced by parties navigating U.S. sanctions while managing arbitration proceedings arising from disputes under charterparties governed by
Cross-Border Arbitration and Sanctions: Key Insights from O v C [2024] EWHC 2838 (Comm) Read More »
Cargo liquefaction poses significant risks to maritime safety, particularly for vessels carrying solid bulk cargoes. In June 2023, the IMO’s Maritime Safety Committee adopted Resolution MSC.539 (107), introducing the latest amendments (07-23) to the International Maritime Solid Bulk Cargoes (IMSBC) Code. These amendments, which will enter into force on January 1, 2025, provide critical guidelines
The Risk of Cargo Liquefaction: Insights from the IMSBC Code Amendments Read More »
Energy investments require significant capital and involve multiple parties in the construction and operation of facilities. Due to the high risks inherent in these operations and the potential for substantial legal liabilities, contracts in the energy sector often include “knock-for-knock” clauses. Understanding Knock-for-Knock Clauses Knock-for-knock clauses can vary in their specifics, but generally, they establish
“KNOCK-FOR-KNOCK” CLAUSES IN ENERGY INVESTMENTS Read More »
In voyage charter parties, the shipowner is not obligated to keep the ship in port for loading or unloading beyond the agreed laytime, or beyond the “demurrage” period. However, if the shipowner continues to wait, any damages arising from this delay must be compensated under certain conditions. After the laytime (at loading or unloading ports)
Detention Damages and Compensation at Loading and Unloading Ports Read More »
Understanding Clause 16 of Gencon 2022: Suspension and Termination Background The Baltic and International Maritime Council (BIMCO) recently published its own standard charter party form for voyage charters, GENCON 22. While it was originally targeted to be introduced in 2020, due to the Covid-19 global pandemic, launching of the main contract form for the voyage
GENCON 2022 Series Read More »
BackgroundThe Baltic and International Maritime Council (BIMCO) recently published its own standard contract form for ship sale and purchase transactions, SHIPSALE 22. SHIPSALE 22 is designed to be used in the industry as a standard Memorandum of Agreement (MOA) for ship sale and purchase. FormatIt consists of two parts. The Part I has a box
SHIPSALE 2022: BIMCO’s new ship sale and purchase contract has been introduced Read More »
