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Shelltime 4 - who bears risk of arrest?
  • Reed Smith LLP
  • United Kingdom
  • May 3 2016

In ST Shipping & Transport Pte Ltd -v- Space Shipping Ltd ("CV STEALTH"), the Commercial Court ("the Court") heard an application arising out of an


Don’t trip up - a warning for owners
  • Reed Smith LLP
  • United Kingdom
  • April 19 2016

The recently decided case of SBT STAR BULK & TANKERS (Germany) GMBH & CO KG V COSMOTRADE SA (THE “WEHR TRAVE”) 2016 EWHC 583 (Comm) in the Queen’s


Recent amendments to the Lloyd’s Standard Salvage and Arbitration (LSSA) Clauses
  • Reed Smith LLP
  • United Kingdom
  • March 30 2016

The Lloyd's Standard Salvage and Arbitration ("LSSA") Clauses have recently been recently amended to account for problems arising


The challenge of mitigating your losses where there is no available market - ‘The New Flamenco’
  • Reed Smith LLP
  • United Kingdom
  • February 25 2016

Mitigation of damage where there is no available market is a difficult area of law and can be challenging. As the Court of Appeal recognised recently


Charterers held to have lost right to cancel where revised loadport orders given
  • Reed Smith LLP
  • United Kingdom
  • June 5 2015

The charter, on BPVOY3 form, provided that subject to the provisions of clause 24, the vessel would proceed to “12 safe port(s) Black Sea excl


What is your broker up to? Broker found to have authority to enter into a fixture and guarantee
  • Reed Smith LLP
  • United Kingdom
  • February 27 2015

After extensive negotiations, London brokers fixed a 10-year charterparty on behalf of their principals, the Charterers. The Charterers were named as


High Court rules on inconsistency in charterparty arbitration clauses and applicable curial law
  • Reed Smith LLP
  • United Kingdom
  • February 16 2015

The Respondent Owners chartered their vessel to the Claimant Charterers by a fixture note, clause 23 of which stated, “ARBITRATION: ARBITRATION TO BE


Tribunal rules on incorporation of arbitration agreement into a charterparty and owners’ entitlement to demurrage
  • Reed Smith LLP
  • United Kingdom
  • October 2 2014

The vessel in question was chartered by way of a fixture recap. Owners brought a claim for demurrage against Charterers. Charterers argued that the


Arbitration clause in LOU held to replace charterparty arbitration clause
  • Reed Smith LLP
  • United Kingdom
  • August 19 2014

The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was the subject of a chain of


English law and London arbitration clause not sufficient to allow application of late payment of Commercial Debt (Interest) Act 1998 to charterparties
  • Reed Smith LLP
  • United Kingdom
  • June 18 2014

In a robust judgment of 12 June 2014 in Martrade Shipping & Transport GmbH v. United Enterprises Corporation 2014 EWHC 1884 (Comm), the Commercial