14/01/2022
Recognising the rise in extreme events in recent years, BIMCO has issued a model clause with the aim of addressing unexpected or ‘force majeure’ events that affect the performance of the parties under a contract.
05/01/2022
Updated 24th January, 2022 - In a further easing of the export ban, on 20th January, 2022 the Indonesian government published a list of 139 companies that had fulfilled their DMO for 2021 by 100% or more and were permitted to resume exportation. Reports suggest that 75 ships were allowed to load coal from these companies.
17/12/2021
As the deadline for EEXI compliance moves closer, BIMCO has published a new clause for time charters intended to give owners flexibility in ensuring that their ships are compliant.
17/12/2021
The ASBAGASVOY form, originally drafted and released in September 2020, has seen an uptake in usage this year as the liquefied gas market continues to grow. The cargo carrying capacity in the LPG trade has doubled in the last decade and the recent trends show record production of natural gas liquids in the US to meet an increased demand in Asia. The form has been drafted to take the place of the ASBATANKVOY for gas tanker charters.
13/12/2021
The decision in The Big Fish [2021] SGHCR 7 sets out the principles governing the duty of full and frank disclosure for a party applying for a warrant of arrest in Singapore and, in particular, considers whether it is necessary to disclose a potential time bar defence.