Many Members will have experienced the consequences of a counterparty entering into creditor protection schemes that are in place in the vast majority of jurisdictions.
Hull fouling is an age old problem for ships subjected to extended stays in warmer waters. Despite the use of modern technology in anti fouling paints it is difficult to avoid marine growth when a ship is stationary for a prolonged period and the Managers continue to see a number of charterparty disputes arising as a consequence of hull fouling.
The UK Defence Club held a successful seminar and cocktail reception at the Conrad Hotel in Singapore on 28th September for its regional Members and their brokers.
Most shipbuilding contracts require a prospective owner of a ship to pay the purchase price in instalments, usually linked to key stages in the construction of the ship.