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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.…

What has been less clear is the extent to which the judgment has retroactive effect - in other words whether it will result in the release of any funds previously attached pursuant to Rule B…

The maritime courts have jurisdiction over cases of a maritime nature including disputes in relation to sea transportation, accidents at sea, maritime administrative disputes, and port operation…

The Zenovia was employed under a chain of charters which required redelivery by “minimum 20 September 2007/ maximum 22 November 2007.” The charterer was obliged to give “not less than 30 days…