Introduction A recent English Court of Appeal decision provides important guidance on the applicability of charterparty time bar provisions to letters of indemnity (LOIs). Given the frequent use of LOIs in the shipping industry, this legal decision wil…
Bills of lading are a crucial part of the security package traditionally sought by trade finance providers. However, the nature and extent of the contractual rights and obligations transferred to a finance party holding bills of lading are complex. In …
WFW briefing: Do arbitration agreements in bills of lading bind their holders? Read More »
In a recent important decision of the Admiralty Court in London, NatWest Markets Plc v Stallion Eight Shipping Co. S.A., in which Watson Farley & Williams acted for the successful party, the Court upheld the longstanding practice of not ordering co…
No Cross-undertakings in Damages for Ship Arrests Read More »
The scenario By process of ship-to-ship transfer, the owner discharged a cargo of bunker fuel onto another vessel without production of an original bill of lading. The actual bill of lading successfully incorporated a charterparty clause providing for …
Deep Sea Maritime Ltd v Monjasa A/S (The Alhani) Read More »
In a survey conducted by global law firm Reed Smith, industry participants were asked: Which technology will be the most significant driver of change over the next five years? The industry responded that analytics of big data and technology to address …