Invoice Fraud Many web pages of international banks will define for you what invoice fraud is. For example Barclays’ bank web site states: What is invoice fraud? Invoice fraud involves a fraudster notifying your company that supplier payment details have...
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A recent unpublished LMAA arbitration award* for one of the Club’s owner Members has concluded that, where a vessel tenders NOR too early, not only does laytime not start to count because the NOR is invalid, but owners are also...
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Arbitration agreements are often treated as one-size-fits-all precedents that are included in commercial contracts without much thought. This approach can be counterproductive and result in increased time, cost and complexity to resolve disputes. A well-drafted arbitration agreement, taking into account...
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Introduction A 2020 decision of the Supreme Court has provided guidance on the importance of a buyer giving notice of defects in due time, as well as the significance of a builder reserving their rights before entering into discussions on...
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(on vessels other than purpose-built container ships) Introduction The Club has recently received a number of enquiries concerning the carriage of containers on vessels not primarily designed to carry containers on deck and/or inside cargo holds, such as bulk carriers...
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