The EU, G7 and Australia (the “Price Cap Coalition”) has recently introduced legislation and guidance effective 5 December 2022 intended to maintain the supply of Russian oil to world markets whilst at the same time reducing Russia’s earnings from its oil exports (the “Price Cap Scheme”).
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.
Circular 03/22: General Trade Licence dated 17 March 2022, UK Government clarifies insurance for vessel calls to Russia and transiting Russian territorial waters
The UK Maritime and Coastguard Agency has released a set of Ballast Water Management FAQs Updated in October 2020, which we are sharing for the members and the wider shipping community
On 8 March, the English Admiralty Court in a judgment (ALIZE 1954 & CMA CGM SA v ALLIANZ ELEMENTAR VERSICHERUNGS AG AND OTHERS[2019] EWHC 481 (Admlty)) highlighted the utmost importance of careful passage planning by navigational officers on board vessels.
Directors of the UK P&I Club, the leading provider of P&I insurance and other services to the international shipping community, have subject to regulatory approval elected Nicholas Inglessis as their new Chairman, succeeding Alan Olivier.
Circular concerning the implementation of financial certification requirements in accordance with the amendments to the Maritime Labour Convention 2006 ("MLC").
Do you and your team have access to iPandi? This iPad based app to provides up to date underwriting information for members and their insurance brokers, even when on the move.
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has announced its intention to establish a new European subsidiary in the Netherlands.
QCR Spring 2017:The Court of Appeal confirms that a carrier does not need to disprove negligence on his part in order to rely on defences under Article IV Rule 2(a) - (p) of the Hague (or Hague-Visby) Rules.
Members will recall that substantial increases in the liability limits set by the 1976 London Convention on Limitation of Liability for Maritime Claims (LLMC) as amended by the 1996 LLMC Protocol, were agreed by the IMO Legal Committee in 2012.
HM Treasury has imposed new financial restrictions against Iran. From 15:00 Monday 21 November 2011, all UK credit and financial institutions are required to cease business relationships and transactions with all Iranian banks, including their branches and subsidiaries, and the Central Bank of Iran. This means that UK credit and financial institutions are prohibited from entering into transactions or business relationships with these entities and continuing existing transactions and business relationships with them, unless licensed to do so by HM Treasury.
