HFW Shipping Bulletin Feb. 2016

Legal, Reports — By on February 22, 2016 at 3:49 PM

HFW SHIPPING Bulletin FEB16

Welcome to the February edition of our Shipping Bulletin

We start this edition by examining a judgment of the Singapore High Court dealing with the topical issue of whether a shipowner is obliged to pay for the bunkers provided to the vessel, and which emphasises the importance of knowing who you are contracting with.

The next article considers the risks of liquefaction, the provisions of the IMSBC Code, and specifically the steps that the IMO is taking in relation to the treatment of bauxite, and provides some practical advice to shipowners and cargo interests on these issues.

In our latter two articles we look at the steps a party can take when its counter-party is in financial difficulty. The first article focuses on the CLIPPER MONARCH, in which time charterers who had not been paid freight and demurrage sought to exercise their rights to lien and sell the cargo, and then to have the proceeds of sale released to them. Our final article provides an overview of the various practical measures that an owner can take if his time charterer stops paying hire.

We finish this bulletin with related publications.

Should you require any further information or assistance with any of the issues dealt with here, please do not hesitate to contact any of the contributors to this bulletin, or your usual contact at HFW.

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23-25 February 2016

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14-15 March 2016

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Whilst every care has been taken to ensure the accuracy of this information at the time of publication, the information is intended as guidance only. It should not be considered as legal advice.

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