In this article, we consider how the enactment of the Multimodal Transport Act (2005) has impacted air and ocean carriers and freight forwarders, how the law has been applied and interpreted, and what lessons have been learnt.
As one of the world’s leading container practices, we engage with all aspects of single and multi-modal logistics.
Our specialist logistics and container lawyers advise on all business issues that arise from land, sea and air transportation, plus the sale, purchase and delivery of goods. We routinely advise financing and leasing, corporate (including structuring and M&A), commercial contracts, taxation and management in this niche industry.
Shippers, freight forwarders and owners and operators of shipping assets seek our advice on the sale and purchase of containers, freight forwarding agreements, container interchange agreements, standard terms of service, billing and collection agreements, bills of lading, sales agency agreements, insurance, reinsurance, environmental and regulatory issues.
In addition, we regularly act for banks and financial institutions, leasing companies and ship owners on the financing solutions for containers ranging from secured loans and operating and finance leases, to structured finance products.
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On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
"We are extremely pleased to have worked on this transaction, which represents a trend towards more structured financings involving new players in the Asian maritime markets such as investment firms."