Supreme Court rules on owners’ rights of remuneration post-withdrawal under a time charter
In a judgment handed down on 2 May 2012, the UK Supreme Court has provided interesting clarification in relation to the scope of contractual indemnities in a time charter context and the rights and responsibilities arising out of a non-contractual bailment where a time charter has come to an end. In the present case, the Supreme Court held that the owners were entitled to compensation for the detention of the ship while the charterers' cargo remained onboard and for bunkers consumed after the ship was withdrawn.
The successful owners were represented by Michael Volikas, Jeremy Biggs and Catherine Earnshaw of Ince & Co LLP. For a more detailed review of this judgment, please see our article…
Iran Sanctions Update – May 2012
In this update we review the EU Council Regulation No. 267/2012, highlighting the most significant new provisions and exceptions and considering their implications for international trade and the shipping industry in particular.
Claims consultants and surveyors: be careful what you ask for
A recent case in the Technology and Construction Court makes it clear that advice taken from claims consultants is not covered by legal professional privilege even where the advice comes from legally qualified personnel who are instructed by the claims consultants.
Court gives welcome guidance on binding nature of guarantees sent by swift
In a dispute between the buyers of a ship and the Korean banks giving a refund guarantee, the court was dismissive of suggestions that a guarantee provided by SWIFT is not binding.
The impact of the Thailand floods on reinsurance programmes
As the flood waters begin to recede in Thailand, thousands of commercial and residential properties still remain under water and many businesses are at a standstill.
Prevention is not a cure for delayed shipbuilding contract
In this case, Ince & Co acted for the successful buyer in its claim for the rescission of two shipbuilding contracts due to builder's delay.
Aviation Group Carbon Trading Bulletin June 2009
This bulletin discusses the steps being taken to bring aviation carbon emissions within the EU’s control regime, ahead of international agreement.