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Cargo owner has no claim for conversion where a shipper has discharged cargo into storage due to cargo owner’s failure to present a bill of lading
  • Reed Smith LLP
  • United Kingdom
  • August 11 2015

The dispute related to a cargo of iron ore carried from Iran to China by the Defendant Shipper. The bill of lading had been issued “to order”, with

Iran: further extension of limited sanctions relief to 13 July 2015
  • Reed Smith LLP
  • Iran
  • July 10 2015

In our alert of 8 July, we reported that the P51 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief

Court considers the documents required to be supplied in support of a demurrage claim under BPVOY4
  • Reed Smith LLP
  • United Kingdom
  • March 2 2015

Owners and Charterers had entered into a voyage charter on the BPVOY4 form. The charter contained the following provisions: Clause 19.7.1: demurrage

1 January 2015: MARPOL and SOLAS amendments in force
  • Reed Smith LLP
  • USA
  • January 9 2015

Various amendments to MARPOL and SOLAS came into force on 1 January 2015. MARPOL Annex VI: The limit for fuel sulphur oil levels has fallen to 0.10

Sanctions update: the U.S. and the EU impose further measures against Russia
  • Reed Smith LLP
  • European Union, Russia, Ukraine, USA
  • December 29 2014

This alert follows our previous alerts on the RussiaUkraine sanctions. U.S. Passes New Sanctions Authorizing Statute - Sends Russia Frigid End of

EU clarifies Russian sanctions
  • Reed Smith LLP
  • Ukraine, European Union, Russia
  • December 12 2014

On 5 December 2014, the European Commission published Regulation 12902014 (the Amending Regulation) with effect from 6 December 2014. This further

The Joint Plan of Action: a recap of the easing of sanctions against Iran by the United States and European Union
  • Reed Smith LLP
  • European Union, Iran, USA
  • December 8 2014

On 24 November 2013, an agreement was reached between the E33 (also known as the P51, and which includes the United States, United Kingdom, Russia

Iran: limited sanctions relief extended to 30 June 2015
  • Reed Smith LLP
  • USA, European Union, Iran
  • November 28 2014

In January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for an initial period of six months) some

Owners validly exercised right to withdraw for non-payment of hire and awarded discounted damages for repudiatory breach
  • Reed Smith LLP
  • United Kingdom
  • November 21 2014

Two newbuildings were let by Owners to Charterers on an amended NYPE form for a period of about 35 months up to 37 months. Hire was to be paid

Tribunal rules on speed and performance claims under two consecutive time charterparties
  • Reed Smith LLP
  • United Kingdom
  • November 21 2014

The vessel in question was the subject of two charters on the NYPE 46 form, for one time charter trip under each, with the second charter being in