A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the u…
Interpreting see-to-it and on-demand guarantees Read More »
Amid the wall of COP26 noise, at times it has been difficult to separate out the firm commitments and achievements of the last two weeks. But there is no doubt progress has been made in global maritime activity. Twenty-two countries, including the UK, …
Shipping Gets Ready for Green Corridors Read More »
The Court of Appeal has handed down an important judgment in K Line PTE Ltd v. Priminds Shipping (HK) Co Ltd (Eternal Bliss) [2021] EWCA Civ 1712 in which it overturned a first instance decision as to when an owner can claim damages for delay, as well …
What does demurrage cover? Read More »
” Any privately-held shipowner pursuing an IPO or looking to issue bonds for the first time should bear in mind that they will need to make certain preparations in order to be ready to access the capital markets.” Any privately-held shipown…
Access To The Capital Markets For Shipowners: Getting Your House In Order Read More »
2021 has been a very important year for the Shipping industry with the issue of carbon emissions, radical changes in the supply chain logistics, and with countries and corporations coming together to address larger issues at hand. What is fascinating t…
[Tank]ing contracts: Doctrine of ‘Good faith’ versus ‘WOG’ and other exclusionary terms Read More »