Many of our clients at some stage in their business activities have been in a position where the issuance and acceptance of a Letter of Indemnity (LOI) is deemed necessary. Think of a situation where cargo has to be delivered without presenting a Bill …
Letters of Indemnity: Can you rely on someone’s handshake? Read More »
It’s never boring in the tanker market and 2019 has been no exception, with rates rising – for the most part, but the way they did that was never going to be straightforward, with so many factors, most notably geopolitical ones, entering into play. Sti…
Tanker Market Looking Good Entering Fourth Quarter Read More »
This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 2010 and address issues which were not prevalent in 2010. The introduction to Incoterms 2020 includes a detailed explanation of how t…
Lowdown on Incoterms 2020 overhaul Read More »
Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today announced a collaboration to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. Bloom Energy is the world’s leading provider of stationary…
The demolition market hasn’t been up to the levels required since the start of the year, with ship owners reluctant to offer more tonnage for recycling. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there remains a distinct …
Ship Owners Refrain From Ship Recycling Read More »