This blog examines important cases, changes in the law and legal issues which will be of particular interest to those in the shipping and commodity trading world.
Articles: 1-10 of 25
False statements in a bill of lading and the indemnities to a master
United Kingdom - March 2 2021 This Article discusses the recent decision of the English Court of Appeal in the case of “TAI PRIZE” [2021] EWCA Civ 87 on the industry practice of…
Misrepresentation, inducement, reservation of rights, affirmation of contract, rescission and damages in lieu of rescission
United Kingdom - February 24 2021 This Article discusses the recent decision of the English High Court in the case of SK Shipping Europe LLC v (3) Capital VLCC 3 Corp (5) Capital…
LOIs and liability for inducement of breach of contract
United Kingdom - February 1 2019 A recent Court of Appeal ruling highlights the risk to traders and, in particular, to their officers and employees personally, of giving/arranging a…
Letters of Credit under commodity contracts - keep the focus
United Kingdom - August 17 2018 This blog takes a look at the issues concerning the timing of the provision of letters of credit under commodity contracts and the importance, from…
Arbitration awards and fraud revisited
United Kingdom - May 10 2018 The English Court of Appeal has rejected a further attempt by the buyers of goods to set aside enforcement of a CIETAC arbitration award on grounds of…
Sabotage at sea - The LADY M
United Kingdom - February 13 2018 In The LADY M, the English Commercial Court held that shipowners could rely on the Hague-Visby Rules fire defence even when the fire was set by the…
Commodity specification breach - can I reject?
United Kingdom - January 23 2018 A common question which arises in day to day commodity trading is whether a buyer can reject goods which do not meet the specifications set out in the…
To sue in debt or damages? A documentary credit dilemma
United Kingdom - November 14 2017 A good presentation under a letter of credit gives rise to a claim in debt against the issuing or confirming bank. But that debt claim is lost if, in…
Liability for commencement of approach voyage under voyage charters - absolute?
United Kingdom - October 25 2017 A recent judgment of the Commercial Court examines a novel point in respect of the obligation on an owner under a voyage charter to get the vessel to…
Show me the money - turning liens into cash
United Kingdom - August 24 2017 Most charterparties give owners the right to lien cargo for unpaid hire or freight. However, it may be necessary to sell the cargo in order to obtain…
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