Contractual
Contractual cover is available with various policy limits covering contractual clauses and indemnities excluded by the rules, including waiver of rights of limitation, assumption of liability for third party losses or damage to third party property, contractual naming and waiving obligations, and assumption of liabilities under non-reciprocal 'knock for knock' agreements.
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It is not always smooth sailing in the shipping industry
Great Lakes vessels trading is typically performed by dry bulk vessels that carry a variety of cargoes including ores, limestone, salt, cement, sand, grain, coal and gypsum. This article provides some insight into commercial shipping on the Great Lakes and some of what one might expect when transiting the area.
The decision in "BIG FISH" [2021] SGHCR 7 sets out the principles governing the duty of full and frank disclosure for a party applying for a warrant of arrest in Singapore, and in particular, considers whether it is necessary to disclose a potential time bar defence.
Claim for damage to soya beans - Chinese Appeal Court apportions liability between vessel Owner and Receivers