Editorial - 3rd November: Charterers' advice
The dedicated charterers' area of our website continues to develop with the extension of its advice and information section. This section collates advices from both the Club and its business partners which are identified of particular relevance to charterers.
This week sees the addition of a 'Legal topics' section which publishes articles on the UK Bribery Act, the effect of insolvency on a charterparty and guidance on bunker disputes.
We are grateful to international law firm Reed Smith for their support providing us with two recent articles. The first on the effect of insolvency on a charterparty explains that insolvency of one of the parties does not amount to repudiation under English law. After reviewing the other necessary characteristics or consequences the paper explores non-performance by a party and the effect when that party belongs to a larger group company.
In a second article on the UK Bribery Act is reviewed surveying the main offences, the penalties and possible defences. The introduction of the INTERTANKO Model Clause for charterparties is explained.
Finally, the UK Defence Club has published a booklet on bunker quality and quantity disputes that gives useful insights into considerations of both the purchasing and delivery processes and compliance with MARPOL Annex VI. In the event of a dispute preserving evidence is vital and guidance on this procedure features over a number of pages. Finally a section on the charterparty questions in respect of bunker disputes and a checklist conclude the booklet.
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Members are reminded of the following updates in relation to the Flighted Spongy Moth Complex (FSMC), formerly known as Asian Gypsy Moth (AGM).
The Electronic Trade Documents Bill
We are living in a digital age where information can be transmitted instantaneously and yet progress towards a fully digitalised international trade remains slow
This circular confirms approval by the International Group of an updated version of the Secro Customer and User Agreement dated 16th March 2023 as well as use of the Secro Customer e-billls of lading in conjunction with the said User Agreement
Congratulations to UK Club board member Nikolaus H Schües, who has been named the 46th President of BIMCO.