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Supreme Court regains shipping experience

Following the recent retirements of Lord Sumption and Lord Clarke, the Supreme Court will shortly benefit from the maritime and commercial experience of Lord Justice Hamblen who will join on 13 January 2020. This goes some way to address recent concerns that the Supreme Court is under-represented in terms of shipping. It will also reinforce [...]

July 25th, 2019|

Supreme Court rules on how to calculate Constructive Total Loss (CTL)

Regular visitors to our blog may remember our earlier article on the “Renos” which can be found here. Since then hull underwriters were granted leave to appeal that decision to the Supreme Court on two issues. Should costs incurred before Notice of Abandonment is tendered be excluded from the CTL calculation? Should SCOPIC costs be [...]

July 11th, 2019|

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 against Mr Kritsas under personal [...]

July 9th, 2019|

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 at a reasonable price.  Please [...]

July 4th, 2019|

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 motivates us to keep growing [...]

June 28th, 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 2017 Charter Party. Under the terms of that clause invoices were to be issued [...]

June 25th, 2019|