July 9, 2019
Commercial court
Latest Articles
June 25, 2019
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... Read more >
April 27, 2017
Commercial Court decides that an option agreement with delivery dates to be specified is void for uncertainty
This case could be of interest in a climate where new orders are increasing with options often being requested for more ships to follow. In April 2013 Teekay Tankers (“Teekay”) entered into an option agreement with STX Offshore & Shipbuilding (“STX”) for the... Read more >
January 9, 2017
The Coral Seas: Commercial Court upholds LMAA arbitration finding that fouling constituted fair wear and tear under a continuing performance warranty.
Under English law, Owners are not entitled to an indemnity for complying with charterers’ orders where the vessel’s performance is affected by fouling arising from a long stay in a warm water port. The Commercial Court has upheld an LMAA arbitration finding that this... Read more >
June 2, 2016