In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by …
Supreme Court guidance on war risk provisions in charterparties Read More »
In June 2023, rules for bringing the maritime sector into the EU’s Emissions Trading Scheme (the “EU ETS”) came into force. All Member States (except one) have failed to transpose this legislation by the December 2023 deadline, but the obligations on t…
The Court has recently decided “an old chestnut”, namely which version of the York-Antwerp Rules (YAR) applies pursuant to clause (3) of the standard Congenbill 1994 form. This has been debated for years. The Court held that the general average (GA) ad…
Tightening York-Antwerp Rules application Read More »
Reliance on bills of lading in trade finance is often pivotal, but just how good security are bills of lading and in what circumstances will a bank’s ability to exercise its security rights be compromised or even lost? A bank will most commonly find it…
Pitfalls in Relying on Bills of Lading Read More »
As we reported in April this year, the EU emissions trading scheme (the EU ETS) is expanding to include the shipping industry. With 2024, the first year in which vessel emissions will be included with in the scope of the EU ETS, just around the corner,…
The EU ETS And Shipping: A Bumpy Ride Ahead? Read More »