Case Digest: The M/V "LONGCHAMP"
/A case involving the capture of the vessel by Somali pirates, subsequent negotiations, payment of ransom, and other expenses incurred by Owners/her insurers during the period of kidnap.
Read MoreA case involving the capture of the vessel by Somali pirates, subsequent negotiations, payment of ransom, and other expenses incurred by Owners/her insurers during the period of kidnap.
Read MoreThis matter concerned the appeal of an arbitration award under section 69 of the Arbitration Act 1996, granted by Mr. Justice Males, on a specific question of law, namely: “Where under a time charter the owner warrants to the time charterer that the vessel shall maintain a particular level of performance throughout the charter period, and the time charterer alleges underperformance in breach of that warranty, is it a defence for the owner to prove that the underperformance resulted from compliance with the time charterer’s orders?”
Read MoreThe Court of Appeal had looked at the matter in simpler terms of whether the arrest was caused by a party on ‘Charterers’ side of the line’: Transclear and IBG being clearly on ‘Charterers’ side of the line’. Some may argue that the Court of Appeal judgment was too broad brush and gave too wide a definition of agency and that the Supreme Court was correct to look at the scope of the agency and limit it accordingly.
Read MoreRecent City of London Corportation/PwC report estimates that the UK has a 35% share of global marine insurance premiums; a 26% share of global shipbroking revenue; and 25% of the world’s maritime legal partners are based in the UK.
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