In the complex world of international commerce and maritime transactions, the negotiation and execution of charterparty agreements often set the stage for potential disputes. The intricacies of these contracts can be labyrinthine, and disputes can aris…
Charterparty pitfalls and dispute resolution Read More »
The tanker market has been in a constant state of flux, with cargoes destined to derive from various locations, not so active in the past and vice versa. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “oil markets were very busy …
Tankers: Cargo Demand Is in a Permanent State of Flux Read More »
The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet to display the anticipated rebound. The struggle persists in the VLCC MEG-China rates, leaving industry observers closely monitor…
Continued downward pressure with a significant decline in VLCC demand growth rates Read More »
The International Group (“IG”) Standard Form Letters of Indemnity (given in return for delivery of cargo without production of an original bill of lading and/or delivery of cargo at a port or place other than stated in the bill of lading) w…
Updated suite of IG-recommended Letter of Indemnity wordings Read More »
Ship owners have been quite active in the newbuilding and S&P markets this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “a substantial number of newbuilding orders have come to light over the past week, with bulk …
Ship Owners Splurge The Money for Newbuildings Read More »