BP GTCs 2007: Septo Trading Inc v Tintrade Limited [2021] EWCA Civ 718
Introduction
In Septo Trading Inc v Tintrade Limited ([2021] EWCA Civ 718) the Court of Appeal overturned a High Court decision ([2020] EWHC 1795 (Comm)) that a
Ship Law Log
Comment and analysis by Reed Smith lawyers on the latest developments in the shipping industry
Ship Law Log, published by Reed Smith LLP, focuses on legal issues related to maritime and shipping law. The blog covers topics such as ship finance, including sale-and-leaseback arrangements and lending structures, regulatory developments affecting port fees and tariffs, ownership and control implications for vessels, charterparty disputes and interpretations, compliance with international trade measures, and operational risks in shipping. It also addresses the impact of geopolitical actions on maritime commerce, legal challenges in ship repossession, and the allocation of costs and liabilities in shipping contracts. The blog provides analysis relevant to shipowners, charterers, financiers, and legal practitioners involved in maritime transport and shipping finance.
Latest from Ship Law Log - Page 7
U.S. cruises could restart by mid-July, U.S. CDC says
Recently, on April 28, 2021 the U.S. Centers for Disease Control and Prevention (“CDC”) distributed a letter to the cruise industry in which it notified the industry regarding clarifications and amplifications of the CDC’s Conditional Sailing Order (“CSO”) (the Letter).…
An update on security and enforcement during a global pandemic
By Lisa Meller & Nora Ling
Obtaining security for a party’s claim on the one side or security for a party’s costs on the other can be crucial remedies in times of a global pandemic where there may be issues with enforcement due to the…
Bunkers Legerdemain
By Jody Wood
Reed Smith recently acted for a mortgagee client who successfully purchased a vessel at a judicial auction, following default by a borrower under a loan facility and the vessel’s subsequent arrest.…
Hire and withdrawal
Introduction
Under English law, charterers’ obligation to pay hire as it falls due is absolute but the right to withdraw a vessel in case of default in charterers’ obligation to pay does not arise automatically. An express term will therefore…
Performance guarantees, vessel arrests, and implied terms
In CVLC Three Carrier Corp and Anor v Arab Maritime Petroleum Transport Company ([2021] EWHC 551 (Comm)), Reed Smith (Nick Austin, Charles Weller, Alfred Perkins, Vassilis Mavrakis) represented two shipowning companies in successfully overturning an arbitration award which…
The Crucial Role of the DPA in Casualty Response
Introduction
At nautical college mariners are taught about the importance of communication, particularly in emergency situations. Similar to the tale of Goldilocks, the trainers teach you, not too much, not too little, just enough. This is drilled into seafarers in…
During ocean-going vessel inspections, California is to increase fuel sample analysis
Beginning in May 2021, California Air Resources Board (“CARB”) enforcement staff will begin additional analysis of fuel samples taken during ocean-going vessel inspections. CARB is seeking to improve compliance due to changing international regulatory sulfur limits, which has created situations…
Smart as ever, the Supreme Court provides clarity on the crossing rules
By Mark Myles
On 19 February 2021 the Supreme Court delivered its very first judgment in relation to a collision action. While the Supreme Court was only established in 2009, it is almost half a century since the highest appellate court in England…
U.S. congress applies Jones Act to offshore wind
Congress recently affirmed that the Jones Act applies to offshore windfarms. It did so via amendment to the Outer Continental Shelf Lands Act (the “OCSLA”), in a brief section near the end of the annual omnibus National Defense Authorization Act.…