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The Inter-Club Agreement: amendments relating to security come into force on 1 September 2011
- Reed Smith LLP
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- Global
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- August 26 2011
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
High Court considers the method for determination of damages for breach of charterparty, in the situation where there was no available market at the time of the breach
- Reed Smith LLP
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- United Kingdom
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- August 17 2011
The parties had entered in to a time charter, on an amended NYPE form, for a minimum of 36 months to a maximum of 38 months
Commercial Court holds that only forward freight agreements with time still to run as at automatic early termination are to be taken in to account in calculation of the payment due upon early termination
- Reed Smith LLP
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- United Kingdom
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- August 17 2011
The Claimant and Defendant had entered in to 11 forward freight agreements (the “FFAs”
In certain situations the costs consequences of a settlement offer may continue, even if that offer is withdrawn
- Reed Smith LLP
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- United Kingdom
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- August 17 2011
The Claimant’s and Defendant’s vessels were involved in a collision
Wreck Removal Convention Act 2011 receives Royal Assent
- Reed Smith LLP
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- United Kingdom
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- August 17 2011
The Wreck Removal Convention Act 2011 received Royal Assent on 12 July 2011
Court of Appeal considers the situation where a guarantor under shipbuilding contracts is liable to refund advance payments made by the buyers, where those contracts have been terminated according to their terms
- Reed Smith LLP
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- United Kingdom
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- August 17 2011
The Respondent buyers had entered in to three shipbuilding contracts (the “Contracts”) with a Korean shipyard (the “Yard”), and had made advance payments of the purchase price of the vessels
Court of Appeal considers the validity of an insurer’s notice of cancellation under the Iran sanctions clause in a policy of marine insurance
- Reed Smith LLP
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- United Kingdom
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- June 10 2011
The Appellant was the representative of co-assureds under a composite policy of marine insurance issued by the Respondent, the assets insured by which comprised an Iranian fleet of oil tankers
European Union and United States update Iran sanctions
- Reed Smith LLP
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- European Union, Iran, USA
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- June 10 2011
Council Regulation (EU) No. 5032011 came into force on 24 May 2011, and added over 100 entities and individuals to the list of designated persons and entities already in existence
Commercial Court finds that a charterer can rely on an exclusion in a berth charter where a vessel’s unloading was delayed by congestion after a strike
- Reed Smith LLP
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- United Kingdom
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- June 10 2011
The Appellant Charterer had entered into a berth charter with the Respondent Owner on an amended AmWelsh voyage charterparty form
Commercial Court considers a disponent owner’s challenge of the striking out of its demurrage claim on the grounds that there was no contract between it and the voyage charterer, and as such no arbitration agreement between them
- Reed Smith LLP
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- United Kingdom
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- June 10 2011
The Claimant Disponent Owner, who had time chartered the vessel in question, instructed shipbrokers to sub-charter the vessel to the Defendant
Current Search
- Workarea - Shipping & Transport
- Author - Sally-Ann S. Underhill