08/04/2019
Read OFAC’s sanctions FAQ’s here.
07/04/2019
Members are advised to incorporate sanctions clauses into their charterparties, such as the BIMCO Sanctions Clause for Time Charters and the BIMCO Designated Entities Clause for Time Charters.
06/04/2019
Members are advised to incorporate sanctions clauses into their charterparties, such as the BIMCO Sanctions Clause for Time Charters and the BIMCO Designated Entities Clause for Time Charters.
28/03/2019
Under a time charter, the charterer is usually responsible for fuel and the owner for compliance with MARPOL whereas under a voyage charter an owner would generally be responsible for both. Whilst this should make the position more straightforward, one crucial question will be how best to mitigate the potential impact of volatile fuel prices linked to 2020.
15/03/2019
The London Maritime Arbitrators Association (‘LMAA’) has recently published a ‘LMAA Arbitration Clause’ and a ‘LMAA Arbitration Notice Clause’. Given the potential importance of issues relating to jurisdiction, these are worth considering.