Lloyd's Shipping & Trade Law

Meaning of "consequential losses": shipbuilding contracts. By entering into a shipbuilding contract on an amended SAJ (Shipbuilders' Association of Japan) standard form dated 6 April 2010, the defendant shipyard agreed to construct and sell, and the claimant buyer agreed to buy, the vessel Star Polaris, a Capesize bulk carrier.

Mareva injunctions in Hong Kong. In 2012 Hin-Pro shipped goods for carriage to Venezuela from various ports in the People's Republic of China (the PRC) under bills of lading issued by CSAV. Hin-Pro commenced proceedings against CSAV before various PRC courts, alleging that the cargoes were wrongly delivered in Venezuela, without production of the bills of lading.

Liberty to (surreptitiously) deck carry. A case from the Federal Court of Canada asks the question if a carrier that has not established its liberty to deck carry is entitled to limit its liability under the Hague-Visby Rules.

Ahead of the Court of Appeal’s hearing of the appeal of Glencore International AG v MSC Mediterranean Shipping Co SA and Another [2015] 2 Lloyd’s Rep 508 in February 2017, Dr Meixian Song and Professor Mikis Tsimplis consider innovation in shipping and commerce and the law.

BIMCO has extended its range of standard documents to include a new standard term sheet for use in ship financing transactions, codenamed SHIPTERM. The aim has been to provide a concise and simple standard to cover the essential elements of a term loan to be provided by a single bank lender. This is the first time that BIMCO has developed a banking-related document, working together with the finance sector.

The dangers associated with the carriage of solid bulk cargoes are undoubtedly one of the decade’s hot issues in the shipping industry. Some of the titles that circulated over this decade convey the alarming threats that have shaken the dry cargo-shipping sector, such as: “Cargo liquefaction still a problem”, “Club move to stop liquefaction losses”, “Crew safety should come first”, “Dealing with the unusual”, “Drive to cut liquefaction losses”, “Handle with care” and “Preventing liquefaction tops concerns”, to name a few.