Insights

Ideally, contracts and the transactions they govern would proceed smoothly – cargo would be available at the loading port when intended, ships would arrive on time to collect it and it would then be transported to and off-loaded at the intended discharge port. In real life however, many things can go wrong.

Since the outbreak of war in Ukraine, the US has imposed further sanctions on Russian banks, financial institutions, entities and individuals. 

The Law of Ukraine on Sanctions No. 1644-VII has been in force in Ukraine since 2014 and provides for a non-exhaustive list of 24 possible sanction types.

The PRC Supreme Court recently issued important guidance in respect of the rights of the carrier when enforcing liens on cargo.

ENE is an increasingly popular form of alternative dispute resolution which is now being offered by the LMAA.