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Following several incidents resulting from structural failure in oil tankers, the Maritime Safety Committee of the IMO has made mandatory certain performance standards aimed at inhibiting corrosion in cargo oil tanks
The latest sanctions against Iran have been much publicized and are set against a backdrop of Iranian officials threatening to escalate the situation further by blocking the Strait of Hormuz
The Inter-Club Agreement, which was last amended in 1996 (the "1996 Agreement"), has been further amended to incorporate a new provision dealing with the entitlement to security for cargo claims
The Claimant, a US company, entered into a collaboration agreement with the First Defendant (also a US company) in relation to bidding to develop petroleum blocks in Iraqi Kurdistan
