Lloyd’s Salvage Arbitration Branch has released a new Lloyd’s Open Form of Salvage Agreement (“LOF 2024”), as well as a new Lloyd’s Salvage Arbitration Clause (“LSAC 2024”). The LOF is the world’s most widely used salvage contract on a no-cure,...
Читать далее »

Posidonia 2024 in Athens this year has lived up to expectations as attendance by shipping professionals and number of exhibitors originating from an ever-growing list of countries. With the tailwind of a strong freight market and pent-up demand given that...
Читать далее »

Yesterday, BIMCO released a new version of WRECKSTAGE, which has long been the industry standard agreement for maritime wreck removal projects where the contractor is remunerated on a lump sum basis. Several changes have been made, the most important being...
Читать далее »

In the recent judgment in Southeaster Maritime Ltd v. Trafigura Maritime Logistics Pte Ltd (“The Aquafreedom”) [2024] EWHC 255 (Comm), the High Court dismissed the charterers’ assertion that a charterparty had been validly formed. Neil Jackson, Managing Associate, and William Reed, Trainee Solicitor...
Читать далее »

Errant thoughts on Posidonia 2024 Early June on even years would find any self-respecting professional in the maritime / shipping industry attending the Posidonia International Shipping Exhibition in Athens, Greece; after all, on each occurrence, almost one hundred countries are...
Читать далее »

Ever since its introduction in 1936, Incoterms® has been a paradox to many buyers, sellers, traders, freight forwarders, shipping lines, and other stakeholders who use it in global trade.. The Incoterms® rules facilitate the conduct of global trade.. By referencing Incoterms® rules...
Читать далее »

As a marine risks manager and marine claims consultant with 33 years of experience, I have seen numerous cases where the concept of general average plays a pivotal role in the maritime industry. General average is a principle under maritime...
Читать далее »

The UK’s much-discussed new failure to prevent fraud offence is likely to come into force (after government guidance is issued) by the end of 2024 or early 2025. The new offence will not just apply to UK companies: there are...
Читать далее »

Richard Gunn, the leading partner in Reed Smith’s Casualty and Admiralty team, sheds light on the intricacies of salvage operations amidst the recent Court of Appeal decision in Smit Salvage BV & Ors v Luster Maritime SA & Anr (The...
Читать далее »

The Hague-Visby Rules represent a critical juncture in maritime law, providing a standardized set of guidelines that balance the obligations and liabilities of carriers and shippers in the international carriage of goods by sea. Prior to their adoption in 1931, the absence...
Читать далее »