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Personal Guarantors Watch Out!

The personal guarantee is a mainstay of traditional ship finance. However, it is rare for banks to enforce such guarantees. In a recent case (1) the Commercial Court handed down a judgment upholding a bank’s claim against a personal guarantor. The case concerned HSBC’s claim for approximately USD 9 million [...]

July 9th, 2019|0 Comments

BDM in Moscow

Nick was in Moscow again in May visiting clients and friends and attending the Ingosstrakh annual marine party. This was his 11th attendance and by far the most theatrical with a series of wonderful opera performances. BDM is a specialist shipping law firm offering high quality legal advice and representation [...]

July 4th, 2019|0 Comments

BDM lawyers named in Best Lawyers again

Nick and Bob celebrate their eleventh and twelfth consecutive years as experts in shipping and insurance law respectively. Recognition by Best Lawyers is based entirely on peer review so we must say thanks to all our peers out there. It is a great compliment to receive such endorsements and it [...]

June 28th, 2019|0 Comments

Watch your contractual time limits

In a recent judgment(1) the Commercial Court has reaffirmed the importance of contractually agreed time limits in Charter Parties. The appeal against an LMAA Tribunal award centred on the interpretation of the Hire and Payments clause, 12(e), of BIMCO’s new Supplytime 2017 Charter Party. Under the terms of that clause [...]

June 25th, 2019|0 Comments

Letters of Indemnity – Best Practice

There are a surprising number of pitfalls to avoid when asked to discharge cargo without receiving an original bill of lading. Many clients think that the panacea is the Letter of Indemnity (LOI). Indeed, many contracts require clients to accept an LOI in place of an original bill.  The LOI [...]

June 21st, 2019|0 Comments

BDM team grows again.

BDM would like to congratulate Clio on her qualification as a solicitor. Clio is our second home grown solicitor having joined us as a trainee in 2017. We look forward to continuing to work alongside her to grow the BDM business. BDM is a specialist shipping law firm offering [...]

May 28th, 2019|0 Comments

BDM at the Marine & Cargo Insurance Conference in Antwerp

Bob Deering and Emmy Ameloot were pleased to speak at the Marine & Cargo Insurance Conference in Antwerp.  It was also a great opportunity to catch up with clients and friends. BDM is a specialist shipping law firm offering high quality legal advice and representation at a reasonable price.  [...]

May 14th, 2019|0 Comments