The International Union of Marine Insurance (IUMI) releases its 2022 global marine insurance market analysis – known as the IUMI Stats Report. The report presents various statistical data from multiple sources, including IUMI’s data, to provide insight into the marine insurance...
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In this edition of the Global Sanctions Dashboard, we walk you through the Fall sanctions against Russia and Iran, explain the implications of US semiconductor export controls against China, and show you the projected sanctions trends in...
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The vessel was chartered on an amended NYPE form for a voyage from a port in Thailand to a port in China. One of the disputes related to the charterers’ deduction from hire as damages claim due to the masters’...
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With demurrage and detention have become particularly hot topics since COVID. This paper discusses some international developments in the area, some ideas for reform and also some steps that freight forwarders can take to protect themselves against clients who don’t...
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Commodity traders are urgently recommended to review practices and compliance policies around the use and data retention in respect of personal devices and thirdparty messaging apps following increased regulatory...
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At its simplest, logistics is about getting the right goods to the right place at the right time and managing the information and documentation flow to facilitate this task. Whether a company is a supermarket moving goods in containers, a...
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Ports and terminals are vital to the global economy. In the United States and China, the world’s two largest economies, the vast majority of imported and exported cargo moves through commercial ports. For coastal states and islands such as those...
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The Russian invasion of Ukraine has turned the spotlight onto two particular types of clause in commodities contracts: sanctions and force majeure (“FM”). The avalanche of global sanctions imposed in response to the invasion created huge challenges for commercial parties...
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When negotiating a voyage charterparty the parties may not give much thought to the precise legal meaning of the word “demurrage”. If pressed to explain what it covers, one party might say “it’s payment for time used by the charterer...
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On 20 June 2022, the English High Court issued summary judgment in the case of ARI v...
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