Railways have been a global phenomenon since their invention nearly two centuries ago. When the Liverpool and Manchester Railway, the world’s first intercity rail service, premiered in 1830, construction had already started across the Atlantic on the United States’ first...
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The Dispute Resolution Statistics of the International Chamber of Commerce (ICC) always make for interesting reading. The ICC is one of the largest International Arbitration Institutions, therefore its statistics give a good indication of what is happening in that part...
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SHIPMAN, the BIMCO standard ship management agreement, is widely used as the global standard ship management agreement for both commercial and technical management. Changes in ship management practices and new legislative frameworks have brought about the need for an updated...
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Interpretation and correction of awards Does the arbitral tribunal have the power to correct or interpret an award on its own or at the parties’ initiative? What time limits apply? Pursuant to the revised article 189(a)(1) of the Federal Statute...
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A look at trends and key numbers arising from The London Court of International Arbitration Casework Report for 2023, and The International Chamber of Commerce preliminary arbitration and ADR statistics for 2023. This article looks at trends and key numbers...
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The Ship Financing Portal provides an inventory of financing products supporting investments in the shipping sector and the wider maritime industry. Access to adequate funding and financing is crucial for fleet renewal and retrofitting, enhance efficiency, and reduce environmental impact....
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Arbitration on the rise again The last two posts in this annual series reported on drops in the numbers of new cases and of appointments of arbitrators across the six international arbitration bodies chosen for our survey. The highpoint on...
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Court dismisses challenge to pay to be paid clause in charterers’ liability insurance MS Amlin Marine NV on behalf of MS Amlin Syndicate AML/2001 -v- King Trader Ltd & others (Solomon Trader) [2024] EWHC 1813 (Comm) In a dispute over whether third parties...
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Salvage agreements New LOF 2024 and the related London Market Default Clause 2024 In light of a recent series of large-scale maritime casualties, the need for effective and clear contractual frameworks for salvage operations has never been more critical. Unsurprisingly, despite its...
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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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