17/12/2021
As the deadline for EEXI compliance moves closer, BIMCO has published a new clause for time charters intended to give owners flexibility in ensuring that their ships are compliant.
17/12/2021
The ASBAGASVOY form, originally drafted and released in September 2020, has seen an uptake in usage this year as the liquefied gas market continues to grow. The cargo carrying capacity in the LPG trade has doubled in the last decade and the recent trends show record production of natural gas liquids in the US to meet an increased demand in Asia. The form has been drafted to take the place of the ASBATANKVOY for gas tanker charters.
13/12/2021
The decision in The Big Fish [2021] SGHCR 7 sets out the principles governing the duty of full and frank disclosure for a party applying for a warrant of arrest in Singapore and, in particular, considers whether it is necessary to disclose a potential time bar defence.
09/12/2021
The Singapore Chamber of Maritime Arbitration (“SCMA”) updated its rules on 1st December, 2021. The rules will apply to all arbitrations commencing on and after 1st January, 2022.
19/11/2021
The Court of Appeal has unanimously overturned the High Court decision in The Eternal Bliss [2021] EWCA Civ 1712, ruling that demurrage is an owner’s exclusive remedy for failure to complete cargo operations within laytime.