Commercial Court clarifies owners’ obligations under the Conwartime 1993
In two significant and related new decisions for owners and charterers whose charterparty contracts incorporate the Conwartime 1993 clause, Mr Justice Teare of the Commercial Court has now clarified the meaning and application of the Conwartime 1993 and, in particular, the meaning of "exposed to War Risks" in sub-clause 2 of that clause.
International sanctions against Iran: an update on the latest EU Council Decision
EU foreign ministers agreed at a meeting on Monday 23 January to impose further sanctions on Iran with a particular focus on Iranian oil.
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.
DIFC Court – Jurisdiction Update
On 31 October 2011 the Ruler of Dubai signed amendments to Law No. 12 of 2004 effective to expand the jurisdiction of the DIFC Court by granting a freedom to commercial parties to provide for DIFC Court jurisdiction in their contracts.
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.