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With the downturn in the markets the efficacy of the refund guarantees has now begun to be tested both by buyers and shipyards. When contracts are cancelled consideration will be given to whether the

The new Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance Cap 645 (the “Ordinance”) came into force on 29th January, 2024 and introduces a comprehensive mechanism

US authorities issue guidance to maritime industry regarding illicit shipping and sanctions evasion practices On 14th May, 2020, OFAC, the US Department of State, and the US Coast Guard published a

In Orion Shipping and Trading Ltd -v- Great Asia Maritime Ltd (The Lila Lisbon) [2024] EWHC 2075 (Comm) the Commercial Court considered the question: where a Memorandum of Agreement on the Saleform