Over the last few years, tanker owners have reaped large profits from selling their older tonnage to (in many cases) newly established buyers who have set up in various jurisdictions ranging from Dubai to Hong Kong. But who are these buyers and what are their... Read more >
The ongoing conflict in the Persian Gulf appears to have triggered the same sort of issues that we dealt with extensively in the wake of the Russian invasion of Ukraine in March 2022. One of those issues is Force Majeure. Many clients are now approaching us to ask (1)... Read more >
As mentioned in our recent posting, we continue to be approached by clients in connection with the charges proposed by the USTR notwithstanding that these charges have been on the table for many months and ample notice was given of the 14 October 2025 commencement... Read more >
Some months back we reported on the proposed US charges on certain Chinese owned and operated vessels and on all non-US owned car carriers. In terms of response, BIMCO has produced a new USTR clause. There has therefore been a chance for all concerned to adapt. That... Read more >
BIMCO has published a useful clause which deals with the commercial and operational implications of certain vessels calling at US ports following the US Trade Representative’s recent actions to tax certain PRC owned or built vessels. This clause is limited to PRC... Read more >