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Lloyd's Maritime Law Newsletter RSS feed

London Arbitration 20/22

Online Published Date : 10 June 2022 | Appeared in issue: 1109 - 10 June 2022

Charterparty – Uplift Clause permitting increase in hire rate if agreed amount of additional fuel supplied – Whether Uplift Clause triggered by supply of lesser amount within “abt” margin – Correction of errors – Rectification – Variation

Piraeus Bank AE v Antares Underwriting Ltd and Others – QBD (Commercial Court) [2022] EWHC 1169 (Comm) – Mr Justice Calver – 17 May 2022

Online Published Date : 10 June 2022 | Appeared in issue: 1109 - 10 June 2022

Marine insurance – Mortgagees’ Interest Insurance (MMI) Policy – Vessel detained in Venezuela on suspicion of smuggling oil – Claim under War Risks Policy rejected – Whether MMI insurers were liable – Whether detention excluded from War Risks Policy – Whether vessel was a constructive total loss – Marine Insurance Act 1906, section 60 – Effect on MMI Policy of excluded loss under War Risks Policy

London Arbitration 21/22

Online Published Date : 24 June 2022 | Appeared in issue: 1110 - 24 June 2022

Charterparty – Jurisdiction – Separate Operational Agreement between charterer and owner’s parent company – Claims by owner for hire and other sums – Whether owner’s claims arose under charterparty or Operational Agreement

Oversea-Chinese Banking Corporation v Owner and/or Demise Charterer of the STI Orchard, Winson Oil Trading Pte Ltd intervening (The “STI Orchard”) – High Court of the Republic of Singapore [2022] SGHCR 6 (Assistant Registrar Navin Anand) – 23 May 2022

Online Published Date : 24 June 2022 | Appeared in issue: 1110 - 24 June 2022

Bills of lading – Cargo delivered to buyer without production of bills of lading – Buyer becoming insolvent and defaulting on credit facilities provided by Bank – Bills of lading later acquired by buyer and endorsed to Bank – Whether Bank could claim against carrier under bills of lading for misdelivery – Good faith – Whether bills of lading spent – Whether Bank consented