Lloyd’s Standard Form of Salvage Agreement 2024…When the damsel is a vessel in distress…
In this article, Natalie Jackson discusses the recent changes to the Lloyds Open Form salvage contract.
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Responding to the cyclical nature of the global maritime sector requires a deep understanding of trade patterns and investment priorities. For over 40 years, our long-established and highly regarded team has helped clients confidently address the ups and downs of the shipping industry. As an industry leader (ranked Band 1 by Chambers & Partners for shipping in 11 jurisdictions including Asia-wide and Global), we continue to lead some of the most complex, cross border and high value maritime matters in the world.
We provide a full range of legal services to the maritime industry, advising our clients on finance, corporate and M&A, tax, regulatory affairs, employment issues, restructuring and dispute resolution. Areas of special expertise include maritime infrastructure, commercial shipping, container shipping and logistics, cruise, commercial contracts, disputes and regulatory, loan portfolios and restructuring.
Our unrivalled understanding of the shipping industry, and reputation for international financial expertise and commercial approach, attract clients from across the sector, including major shipowners, charterers, ship managers, P&I and FD&D insurers, investors, banks and other financiers with substantial shipping portfolios. With all our clients, we aim to build long-standing relationships and provide pragmatic, definitive advice.
The Sustainability Imperative – Part 2
Following the successful launch in February 2021 of our first in-depth report ‘The Sustainability Imperative’, now more than ever we are seeing how the maritime sector is exposed to the impact of global mega-trends such as climate change and the rise in international trade tensions.
Exploring how those within the industry – owners, charterers, financiers and investors – grapple with the current and anticipated environmental, social and corporate governance challenges, and what they mean for the industry, forms the basis of our follow-up report.
The opinions of over 500 industry participants have once again been surveyed and we are excited to share these insights with you in our highly anticipated report The Sustainability Imperative – Part 2.
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Insights
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WFW advises MET Group on LNG tonnage investment
The LNG carrier is scheduled to be delivered in 2027.
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Common sense prevails – Circular trades deemed not inherently fraudulent
This dispute is a further addition to a series of recent cases in which lenders have attempted to resist making payment, or sought recovery of payments made, under letters of credit, on the purported basis that the underlying contracts are fraudulent in nature.
