Briefings

Growth of the JOLCO structure

21 November 2018

Singapore Partner Mehraab Nazir, who is well-known for his leasing work in Asia, has had an article on the “Growth of the JOLCO structure” published in this month’s Marine Money legal issue.

Effect of changing sanctions regime on sanctions exclusion clauses

30 October 2018

The English High Court has given helpful guidance on the protection offered by sanction clauses in a marine cargo insurance policy. The decision highlights the potential for conflict between EU and US sanction regimes.

The 2020 Global Sulphur Cap

26 October 2018

The IMO's Marine Environment Protection Committee set a new global limit of 0.50% m/m which will become effective on 1 January 2020. Read to find out about the potential  challenges in relation to the financing of retrofitted scrubbers on an asset finance basis.

Duties owed by mortgagees of ships when exercising their “power of sale”

25 September 2018

Charles Buss, John Kissane and David Osborne discuss the recent English Admirality Court decision in Close Brothers v (1) AIS (Marine) 2 Limited (2) Paul Chandler.

US secondary sanctions on Iran and the EU Blocking Statute: Implications for the shipping industry

15 August 2018

On 7 August 2018, both the first wave of re-imposed US secondary sanctions, and the EU Blocking Statute took effect, creating the potential for a significant conflict: how can we comply with two incompatible laws at the same time?

No cross-undertakings in damages for ship arrests

3 August 2018

Charles Buss and Nick Payne discuss the recent decision of the Admiralty Court in London, Natwest Markets Plc v Stallion Eight Shipping Co. S.A., in which we acted for the successful party. Has the recent decision confirmed the attractiveness of England as a jurisdiction for the arrest of ships?