In CVLC Three Carrier Corp and Anor v Arab Maritime Petroleum Transport Company ( EWHC 551 (Comm)), Reed Smith (Nick Austin, Charles Weller, Alfred Perkins, Vassilis Mavrakis) represented two shi...
https://www.shiplawlog.com/2021/03/30/performance-guarantees-vessel-arrests-and-implied-terms/
Traditionally, the most common way of financing ships has been through debt and equity financing. However, over the past decade, ship leasing has become a very significant competitor and altern...
Summary This case provides useful guidance on the application of rules of construction in relation to guarantees that display characteristics of both an “on-demand” guarantee and a “true gu...
Summary The Court of Appeal’s decision in Ark Shipping Co LLC v. Silverburn Shipping (IOM) Ltd, “ARCTIC” EWCA Civ 1161, provides a clear statement of the principles of construction, and ...
The Applicants and Respondents in Zim Integrated Shipping Services Ltd v European Container KS EWHC 3581 (Comm) were parties to an arbitration, in which the Applicants sought to recover loans ma...
The Commercial Court has considered the issue of whether Owners had waived their right to terminate a charterparty for non-payment of hire by serving a demand for future hire (Parbulk II A/S v He...