Insights

The Commercial Court has recently handed down a judgment in Euronav N.V. v Repsol Trading S.A (“The Maria”) [2021] EWHC 2565 (Comm) confirming that, for the purpose of calculating a demurrage claim time bar, the date of completion of discharge is determined according to the time zone applicable at the place where discharge took place.

On 14th July, 2021, the European Commission adopted a series of legislative proposals aimed at reducing greenhouse gas emissions, known as the “Fit for 55” package. The package marks a key step towards the EU’s aim to reduce greenhouse gas emissions by at least 55% by 2030 as compared to 1990 levels, and then to carbon neutrality by 2050.  The proposals include, most notably for the maritime industry, measures to promote the use of alternative fuels and key amendments to the EU’s Emission Trading Scheme (“EU ETS”).

The new Civil Code of the People’s Republic of China came into effect from 1st January, 2021, bringing in numerous changes to the rules governing civil disputes in China. Of particular relevance to Members are the changes to the rules relating to guarantees, which we consider in more detail below. The new Civil Code of the People’s Republic of China came into effect from 1st January, 2021, bringing in numerous changes to the rules governing civil disputes in China. Of particular relevance to Members are the changes to the rules relating to guarantees, which we consider in more detail in this update.

BIMCO and its team of experts have drafted and published a new charterparty clause to address the issue of AIS manipulation as a tool to evade sanctions. 

Although charterparty disputes may be less common in the LNG trade than in other trades, when they do arise, they can be complicated and costly. In this publication, we take a look at three of the main areas where we have seen a trend for claims (underperformance, breakdowns and terminal compatibility) and offer guidance to Members in terms of preventing and handling such disputes.