Cover Story

May shipowners claim general average from cargo owners when the loss is covered by insurance?

If a ship is detained by pirates, payment of a ransom to pirates may be required for the vessel to be released. In the recent English case, the Court considered the issues on the incorporation of war risks clauses to bills of lading, and whether shipowners can recover their loss in general average contribution from cargo owners when the bill of lading has incorporated insurance policy found in the charterparty....

Shipping News Highlights

• Resold tankers lift first Venezuelan cargoes in six months
• Shipping firm among latest US sanctions targets in Iran
• Zhonggu rolls out $700m boxship ordering plan
• BP imports first regasified LNG cargo in China
  
  

Recent Cases Highlights

• Owner and/or Demise Charterer of the Vessel “Royal Arsenal” v Owner and/or Demise Charterer of the Vessel “Echo Star”
• K Shipping Europe PLC v (3) Capital VLCC 3 Corp and (5) Capital Maritime and Trading Corp (C Challenger)
• Grace Ocean Private Limited v COFCO Global Harvest (Zhangjiagang) Trading Co., Ltd., MV "Bulk Poland"

Shipping Q & A

The demise of US-HK International Shipping Agreement – How does it change the rules of the game?

Following the termination of the United States-Hong Kong International Shipping Agreement, US shipping corporations may be subject to both Hong Kong and US taxes, and shipping companies incorporated in Hong Kong will no longer qualify for US tax exemption...

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