Insights

Following a recent significant change to the Singapore Companies Act, it is no longer necessary to register a shipowner’s lien over sub-freight, sub-hire or bill of lading freight in Singapore...

In a recent expedited judgment in Mamancochet Mining Ltd v Aegis Managing Agency Ltd & Others [2018] EWHC 2643 (Comm) Mr Justice Teare provided guidance on the correct interpretation of a standard sanctions clause contained in a marine cargo insurance policy following a loss of cargo shipped to Iran in 2012.

There has recently been a significant increase in bunker quality related engine problems following the delivery of fuel supplied in the US Gulf region, particularly in the Houston area.

Cross-undertakings are routinely required for freezing injunctions. This however, is not the case for arrest of ships. Admiralty Court practice has been not to require such undertakings. In a recent case of the ALKYON, the English High Court was asked to review its existing practice.

The Singapore Court of Appeal recently confirmed that liens over sub-freights are to be regarded as registrable charges under Singapore’s Companies Act. This means that failure to register a lien means it will be void against the liquidator and any creditor of the company which granted the lien.