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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. English…

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The SALDANHA was chartered on a standard NYPE charter. The off-hire clause read: “...that in the event of the loss of time from default and/or deficiency of men including strike of Officers and/or…

In this issue: Message from the Managers | AET Inc Ltd v Arcadia Petroleum Ltd, (The “Eagle Valencia”), [2010] EWCA Civ 713

Coming just after the Formula 1 race the weekend before, the seminar attracted over 50 participants together with overseas visitors from Thomas Miller including John Morris (Chairman of…

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. Where a shipyard is in a…

Concern over Iran’s nuclear power programme has grown over recent years, and has resulted in a number of measures being taken. In October, 2009 the UK Government enacted the Financial Restrictions…

At present the Managers understand that the main shipping lanes towards the Mississippi River are clear of oil, and the US Coast Guard has advised that it has no plans to restrict traffic using the…

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…

One of the major long-standing criticisms of SMA arbitrations has been the issue of recoverability of costs. The successful party would generally not be able to recover its costs in an arbitration.…