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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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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