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Wikborg Rein | United Kingdom | 1 Sep 2021
High Court provides further guidance on implied terms under English law
In the shipping and offshore industry, guarantees are frequently given as security to legally promise the performance of a separate or primary contract. If a party to a primary contract defaults on its obligations, the guarantee provides an additional and, in theory, less costly and complex avenue for recovering any amounts owed to a beneficiary. A recent High Court decision on this matter......
Wikborg Rein | Global | 14 Jul 2021
Updated BIMCO contracts for towage and barge hire
The Baltic and International Maritime Council recently published new editions of the widely used Towhire, Towcon and Bargehire contract forms, which were last revised in 2008. The amendments are intended to improve legal clarity and bring the contracts more in line with current commercial practices. While the uptake of new contract forms by the industry is often somewhat slow, in all......
Brooks & Knights | Nigeria | 17 Feb 2020
Understanding taxation of charter party contracts in Nigeria’s maritime industry
The world over, every country has its own set of rules governing its coastal trade. Players in this sector either own the Ships which are leased to…
Reed Smith LLP | China | 4 Feb 2020
Charterparty issues arising from the novel coronavirus
On 30 January 2020, the World Health Organization declared the outbreak of the novel coronavirus (2019-nCoV) (the Virus) to be a Public Health…
Reed Smith LLP | Global | 4 Feb 2020
Novel coronavirus and charterparty issues
On 30 January 2020, the World Health Organization declared the outbreak of the novel coronavirus (2019-nCoV) (the Virus) to be a Public Health…
Reed Smith LLP | Global | 31 Jan 2020
Coronavirus - Brief note for the shipping industry
Owners, charterers, operators, managers and others involved in the shipping industry (particularly those with fixtures to and from Far East ports)…
Hill Dickinson LLP | United Kingdom | 30 Jan 2020
"AMALIE ESSBERGER" Tankreederei GmbH & Co KG -v- Marubeni Corporation [2019] EWHC 3402 (Comm)
The court had to consider whether the owners’ demurrage claim was time-barred because insufficient documentation had been provided. Factual…
Hill Dickinson LLP | China, United Kingdom | 24 Jan 2020
The new ‘Wuhan’ coronavirus - issues and effects in the shipping market
The outbreak of a novel coronavirus, or the ‘Wuhan’ virus, after the name of the Chinese city in which the first cases were identified, is dominating…
CMS Cameron McKenna Nabarro Olswang LLP | Global, United Kingdom | 22 Jan 2020
Oil & Gas/Shipping - Time bars and supporting documents in demurrage claims
In Tankreederei GmbH & Co KG v. Marubeni Corporation (the “Amalie Essberger”) [2019] EWHC 3402 (Comm), the Commercial Court decided that the Owner of…
Clyde & Co LLP | United Kingdom | 9 Jan 2020
BARECON 89 Form - Maintaining Class Certificates: Condition or Innominate Term? Why it Matters
In the recent case of Silverburn Shipping (IoM) Ltd v Ark Shipping Company LLC (M/V "ARCTIC") (2019), the key question was whether a specific…
