Introduction I’ve always had plenty to say about the New York Convention. I am reminded daily in the course of my work in the law and frequently by my friends in conversation of the importance of history to issues arising...
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The shipping industry is currently witnessing an exceptional boom in the container trade, and due to the increasing demand, some freight forwarders and other parties are exploring unconventional methods to accomplish their targets and commitments. Consequently, there are instances where...
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Liquidated damages clauses are a key provision in shipbuilding and offshore construction contracts. They provide certainty as to the amount of money that will be paid as damages in the event of delays to delivery or failure to meet specified...
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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A recent unpublished LMAA arbitration award* for one of the Club’s owner Members has concluded that, where a vessel tenders NOR too early, not only does laytime not start to count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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