Sellers may be safe from US sanctions even when tankers end up in Iran and Venezuela trades
But original owners need to demonstrate proper due diligence and ships used in sanctioned trades without prior knowledge
Law
Tangled web of entities emerges behind transaction for tanker named as scrapped vessel
After being sold by ADS Crude Carriers, the Calliop changed ownership ‘several times’ before taking the identity of a scrapped ship
Tangled web of entities emerges behind transaction for tanker named as scrapped vessel Read More »
Fear of sanctions tipped to scuttle drillship sale
A former Fred Olsen Energy drillship ordered for $615m may fail to realise even a fraction of that sum thanks to EU sanctions on potential buyer Turkish Petroleum
Fear of sanctions tipped to scuttle drillship sale Read More »
King Shan invests arrest winnings in younger ship
Chinese buyer who arrested capesize to force a sale has scrapped it and put the proceeds into growing his fleet
King Shan invests arrest winnings in younger ship Read More »
Wikborg Rein brings in Ince’s Matt Berry as admiralty manager
Norwegian law group expands casualty team with new hire for London office
Wikborg Rein brings in Ince’s Matt Berry as admiralty manager Read More »