The UK Defence Club held a successful seminar and cocktail reception at the Conrad Hotel in Singapore on 28th September for its regional Members and their brokers.
Most shipbuilding contracts require a prospective owner of a ship to pay the purchase price in instalments, usually linked to key stages in the construction of the ship.
The English High Court has today ruled (“The SALDANHA” – [2010] EWHC 1340 Comm) that a ship which was seized by pirates early in 2009 remained on-hire for the period of the detention. The case was brought by a Member entered in the Association.