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Are you ready for the carriage ban? As of 1st March, 2020, ships that were not fitted with scrubbers will not be permitted to carry on board fuel with sulphur content in excess of 0.50%, even if…

The UK has now left the EU and we are in a “transition period” (also known as the “implementation period”) during which the future relationship between the parties is under negotiation. UK…

The rapid escalation of the COVID-19 outbreak is having a huge impact on the shipping industry. Many parties are having to review their contractual obligations in light of the developing…

Another Rosneft-related entity added to the SDN list On 12th March, 2020, OFAC designated TNK Trading International S.A. (“TTI”) to the Specially Designated Nationals (SDN) list under E.O. 13850 for…

On 30th March, 2020, in a landmark decision which followed fifteen years of litigation, the US Supreme Court held that the safe port clause in the standard ASBATANKVOY form constitutes an express…

Reports of financial difficulties facing one of the biggest players in the Singapore bunkering market, Hin Leong Trading (Pte.) Ltd. give rise to concern within the industry. Hin Leong’s bunker…

Concerns that wash water discharged from open loop scrubbers may have harmful effects on local waters has led to many ports banning ships fitted with open-loop scrubbers or impose additional…

As the COVID-19 pandemic continues to affect global trade, this briefing considers the particular issues facing parties to shipbuilding contracts. The disruption caused by COVID-19 is being…

The UK’s Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has upheld two monetary penalties on Standard Chartered Bank for breaching EU financial sanctions. Although…