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船舶优先权保险， 承租人及供油商破产保险 两个新的保险产品现在向本协会的会员开放。一个是有关船舶优先权保险，另一个是关 于承租人以及供油商破产保险。该两个保险产品系劳合社的核保人与协会会员之间的直保产品，并且由会员直接承担相应的费用。相关的理赔事宜将由管理人处理，并受制于协会的标准规则，但基础理赔事宜的最终和解方案须经市场上核保人的批准。 Download the full document

There are two main types of guarantee: “see to it” guarantees, where the guarantor is only liable to pay out if the underlying debtor is found liable to the creditor, and “demand” guarantees, where…

The recent months have seen an unprecedented surge in the use of tankers as floating storage for oil and petroleum products caused by a perfect storm of collapsing demand for such products due to the…

Following the advent of COVID-19, many ports have imposed quarantine restrictions on ships arriving from affected areas or with possible infection on-board. There have also been associated delays due…

The spread of COVID-19 throughout the world has the potential to endanger ships and crew. Already, many owners and charterers have experienced costs and delays, as well as more personal anxieties, as…

In the first two weeks of June, there were substantial developments in the US sanctions imposed against both Venezuela and Iran, highlighting again that international shipping remains a key focus for…

Rightship has just announced the impending launch in September, 2020 of their new ‘Safety Score’ system (and the demise of the ‘Qi’ – pronounced “key” - system). In doing so the world’s “largest…

On 18th June, 2020, OFAC added a further two tankers and their owners to the Specially Designated Nationals (SDN) list. The entities were designated pursuant to Executive Order (“EO”) 13850, which…

What is the ‘prevention principle’? The basis of the prevention principle is that a party to a contract cannot benefit from its own wrongdoing. In the construction context, this principle has become…

As governments world-wide have grappled with the COVID-19 pandemic, implemented travel restrictions and increased border controls to insulate themselves from the risk of imported transmissions, the…