The system of verifying the weight of shipping containers that came into force in July 2016 has recently come under scrutiny in the English Commercial Court. The regulations made pursuant to the International Convention for the Safety of Life at Sea re…
On November 13, 2024, the Supreme Court of the UK delivered its judgment in The Giant Ace, FIMBank PLC v. KCH Shipping, [2024] UKSC 38: the one-year time bar for claims under the Hague Rules or Hague–Visby Rules (the Rules) applies to claims for misdel…
Time bar judgement sets record straight Read More »
European shipping and ships calling at EU ports became subject to the EU ETS in January 2024. Whilst much about the administration and operation of the scheme has become clearer in recent months, some elements of the EU ETS and its application to chart…
EU Emissions Trading System – What have we learned after nine months of operation? Read More »
The widely used memorandum of agreement (MOA) for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (NSF 2012) provides that the buyer may cancel the MOA and recover its deposit if the seller fails to tender notice of readiness (NOR) or to…
Better late than never Read More »
In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »