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The widely used memorandum of agreement or ‘MOA’ for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (“NSF 2012”) provides that the buyer may cancel the MOA and recover its deposit if the seller fails to tender notice...
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Arbitration has long been the dispute resolution method of choice for cross-border transactions. It is also increasingly being selected as the preferred method for resolving domestic disputes, especially where parties desire a confidential and efficient dispute resolution process. Arbitration is...
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Today, the International Union of Marine Insurance (IUMI) has published a comprehensive best practice guide for the safe use of flexible tanks for the transport of liquid cargoes. Its objective is to provide underwriters, brokers and their clients with practical...
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Starting a cargo shipping business is no small feat; the financial barriers alone can be overwhelming. But for entrepreneurs willing to take on the challenge, the maritime industry has a high potential for reward. For entrepreneurs considering launching a maritime...
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In response to escalating security concerns in the Southern Red Sea and Gulf of Aden, key maritime organisations have collaborated to issue updated safety protocols for vessels traversing these waters. The guidance was jointly developed by BIMCO, ICS, INTERCARGO, INTERTANKO,...
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This is the third edition of Standard Club’s guide to the carriage of steel cargo, first produced in 2009. This new version includes additional advice on the principles of stowage, weight distribution and California Block Stowage. The guide sets out...
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There will be applications on vessels that do not meet the D-2 standard calling at Turkish ports. Correspondent Omur Marine brings us the updates below. The “Ballast Water Management Convention” (BWM) entered into force on 8 September 2017. As per the...
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In the latest of our series, which is annually published in the Lloyds Maritime and Commercial Law Quarterly Yearbook, Andrew Tetley and Antoine Guillemot have collated and reported on developments in French shipping law. Sea carriers can be sued by...
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Why Cyprus, Cayman Islands and Marshal Islands Stand Out? Jurisdictional Advantages and Disadvantages Top-10-Jurisdictions-for-Ship-Registration Analysis table Cyprus Advantages: EU Membership: Provides access to European maritime laws and markets, enhancing regulatory stability and compliance. Favourable Tonnage Tax Regime: Offers significant tax savings for...
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Every shipowner and shipmanager whose vessels call Ukrainian ports, at least once faced with detention of the vessel by the Harbour Master. We did not find statistics of vessels detention in open sources although we believe this information could not...
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