Nine sailors have been sentenced to six months in jail and fined AED100,000 ($27,200) in combined fines after refuelling ships at sea off Dubai. The Dubai Court of the First Instance ordered the defendants be deported after serving their jail term. In July two Iranian captains and six sailors,...
USA-based offshore drilling company Cox Operating LLC USA has sued the Turkey-based manager of crude oil tanker Atina (IMO 9593000) for an alleged contact with COX’s oil platform on October 17th. COX filed suit the following day in the US District Court, Eastern District of Louisiana. The company...
Mauritius has rejected an application for bail made by the captain of the Wakashio that sunk off its south-eastern coast in July. “Given that the applicant may be charged with a serious offence and if found guilty a severe penalty may be imposed on him by the trial court, I am of the view that…
The...
BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets
In June this year, BIMCO announced the development of a new term sheet for ship sale and leaseback transactions. Following consultation with various stakeholders in the leasing industry, “SHIPLEASE” was published in September 2020.
The development of SHIPLEASE follows the publication by BIMCO in 2017 and 2018 of term sheets for bilateral and syndicated term loan facilities, “SHIPTERM” and “SHIPTERM S”.
BIMCO have responded...
Seven people who had links to Singapore-based shipbuilding firm Keppel Fels were charged with multiple corruption-related offences on Wednesday October 14th. Alvin Lim Wee Lun, 40, who was working as a yard manager at Keppel Fels, was charged with 46 counts of conspiring with two other individuals...
Ian Teare, casualty specialist and partner, Hill Dickinson
Hill Dickinson welcomes casualty specialist and partner Ian Teare to London and Piraeus shipping teams
Leading maritime law firm Hill Dickinson is delighted to announce the hire of partner Ian Teare to the firm’s Marine and Trade practice with effect from January 2021.
Ian joins from Wikborg Rein’s Singapore office where he has been both managing partner and led the casualty response practice for Asia. Following his return to Europe from...
The Singapore Chamber of Maritime Arbitration (SCMA) has published Specimen Directions for Virtual Hearings which provides guidance to arbitrators, tribunals, and users of SCMA maritime arbitrations. Key points in the specimen directions include the platform of hearing, how the hearing will be...
Standard Club has informed all vessels with a community inland vessel certificate (CBB / UCB) that, further to the temporary postponement of enforcing documents for inland navigation by the ILT due to Covid-19, the current ILT position has changed. As of the October 23rd 2020 the ILT will require...
https://insurancemarinenews.com/insurance-marine-news/inland-vessel-rules-change/
HFW : COVID-19 Bi Losses: English High Court confirms loss of use is not equivalent to physical loss of property
The recent judgment in the FCA business interruption test case ruled on the interpretation of notifiable disease and non-damage prevention of access extensions under BI policies. However, one issue that the test case did not consider was coverage of COVID-19 BI losses under the principal BI insuring clause (which typically provides cover for BI arising out of “damage” to insured...
Bankruptcy and the Voluntary Termination of Maritime Service Contracts
On October 8, 2020, the United States Court of Appeals for the Second Circuit issued an unpublished opinion affirming judgment of the United States District Court for the Southern District of New York, that a vessel operator’s bankruptcy and voluntary termination of various service contracts relieved the shippers of any obligation to pay liquidated damages under the contract. In re: The Containership Company (TCC) A/S,...