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April 6, 2022
Ban on Russian vessels to be extended to EU ports
We already reported here on the UK ban applicable to Russian vessels. Now it seems as though this will be extended to EU ports as well. Again, there are issues on how extensive the ban will be. What is a Russian/Russian-operated vessel? What about non-Russian ships... Read more >
April 4, 2022
Shipbuilding Contracts – Guarantors beware!
Guarantees go hand in hand with shipbuilding contracts. In most cases, the yard agrees to build the ship in exchange for regular payments handed over by the buyers/ their financiers. Those payments are secured by way of refund guarantees which give the buyers/their... Read more >
March 15, 2022