Insights

The task of quantifying the losses arising due to a breach of a contract of affreightment is not always straightforward. The recent decision in Palmali Shipping SA v Litasco SA [2020] EWHC 2581 (Comm) highlights the issues involved and provides welcome guidance. In particular, it considers the application of the “transferred loss principle” in the context of losses borne by different companies within the same corporate group.

2020年5月1日，中国最高人民法院修改的《关于民事诉讼证据的若干规定》（“《2020年证据规 则》”）生效。新证据规则将对中国诉讼活动的开展方式产生重要影响。这也会影响到在中国涉诉的 会员。

On 11th January, 2021, the US State Department re-designated Cuba as a State Sponsor of Terrorism (SST), six years after it had removed Cuba from the SST List. 

On 19th January, 2021, the US announced that the Venezuelan National Institute of Aquatic Spaces (INEA), which is the Maritime Authority of Venezuela, has been included in OFAC's SDN List.

The Nord Stream 2 and TurkStream 2 pipeline projects will, when completed, transport natural gas from Russia to Europe.  The US has recently imposed sanctions which will target activities related to these projects, including transactions relating to ships used for pipe-laying or site preparation as well as the provision of insurance to such ships.