Decarbonization is coming to the global shipping industry. Accounting for nearly one quarter of all carbon emissions from the world’s transportation sector and one billion tons of carbon dioxide annually, shipping stands at a critical juncture in its efforts to...
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A Bill of Lading is a transport document acting as evidence of the contract of carriage, a document of title, and a receipt for the goods.. Currently, the majority of global transactions are done using paper bills of lading as...
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On 9th July, the “Law on the Amendments to the Turkish Civil Aviation Law, Certain Laws, and the Presidential Decree No. 655 (“Law”) came into force. Last week, we published an initial client alert introducing this topic, highlighting that the...
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The UK authorities have designated Russian insurance provider Ingosstrakh Insurance Company resultant from their “carrying on business in a sector of strategic significance to the Government of Russia”. The Club is advised this designation and the underlying UK legislation “prevent...
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High-Quality Dispute Resolution Clauses With sushi restaurants, it’s the yellowfin. With new houses, it’s the windows. With international contracts, it’s the dispute resolution provision. The “it” I am talking about is the easiest, fastest, most accurate way to judge whether...
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Shipped On Board is an important notation often displayed on the Bill of Lading which is a transport document issued by the carrier of the goods to the client (usually a shipper or exporter).. The Shipped on Board notation confirms that the cargo...
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Key figures: • Gross revenue for ISU members – US$ 398 million (2022, US$ 241 million) • 184 services provided (2022, 149 services) • Lloyd’s Open Form (LOF) – 16 cases (2022, 26). LOF revenue down at US$29 million (2022,...
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A binding contract is concluded when there is an offer, acceptance and consideration, as well as an intention to create legal relations and certainty of the terms of the contract. However, it can be difficult to determine when a binding...
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We are pleased to share with you some key news from the LCIA including:  The launch of the “LCIA Annual Casework Report 2023” Updates to the LCIA Court and an addition to the LCIA African Users’ Council Michael Black KC...
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King Crude Carriers SA and others -v- Ridgebury November LLC and others (Agathonissos) [2024] EWCA Civ 719 Six months after the Commercial Court found that the principle originating in the Scottish case of Mackay -v- Dick does not form part of English law, a...
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