We’re three weeks into the Persian Gulf crisis and we thought we’d share some of the most common questions to the BDM team so far. Note that these are general questions and much will depend on specific facts and the terms of the relevant charter. Q. Is the vessel off... Read more >
With thanks to our good friend Senior Advocate Zarir Bharucha in Mumbai who appeared for the successful claimants, we can report that the Madras High Court recently resisted attempts by Polaris Galaxy interests to avoid liability for misdelivery of a cargo of fuel oil... Read more >
Does a financing bank need to prove that it would not have agreed to a delivery of cargo without production of original bills before it can succeed on a misdelivery claim against the carrier? The short answer to this in a recent Singapore case was “No”. Those... Read more >
Readers of our blog may recall an article we released back in November 2020 in which we highlighted the risks that a ship owner is required to undertake when accepting a letter of indemnity (LOI) in exchange for releasing the cargo without the production of an... Read more >
Let’s start with the obvious question – what exactly is the Letter of Indemnity (LOI) and why is it important? Very simply, it is a contract which states that a party (in many cases the vessel charterer) will indemnify the other (usually the ship owner) for the... Read more >