In the recent case of Close Bothers v (1) AIS (Marine) 2 Limited and (2) Paul Chandler, the English Admiralty Court has reviewed and provided a helpful summary of a mortgagee’s duties under English law on sale of a ship. The decision is a useful remind…
Duties Owed by Mortgagees of Ships When Exercising Their “power of Sale” Read More »
In a survey conducted by Reed Smith in the first half of 2018, industry participants predicted that big data analytics will be one of the most significant drivers of change in the shipping industry over the next five years. In addition, for the same fi…
Big data analytics and autonomous vessels – when will legislation catch up? Read More »
The problem started with fuel supplied in the US Gulf region, particularly in the Houston area, but the problems quickly spread to Panama. More recently, similar problems have been encountered with fuel supplies out of Singapore.[1] So although the pro…
Contaminated bunkers – “The Houston Problem” Read More »
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 »