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FOSFA – new Arbitration Rules

We here quickly mention the new Arbitration Rules which apply to all FOSFA references under contracts concluded on or after 1 April this year. Among changes for first tier structure, deposit payments and filing submissions, the main revision is as regards time limits. Claims as to quality and/or condition The deadline is now 90 consecutive days: from completion of discharge ...
Category: News

Remember, remember the 5th of November ...

The 12 October decision in Mamancochet Mining v Aegis ([2018] EWHC 2643 (Comm)) has created interest and extensive commentary, some of which might suggest that it has made it generally easier to pay insurance claims to Iranian bodies. But it has not, and what may seem a significant decision is presently still a narrow one. The policy covered a steel cargo ...
Category: News

Rush-in roulette?

On 8 May the US withdrew from the JCPOA and set two dates when various sanctions against wide Iran interests would be brought back. Such were also deadlines by which all affected business should be concluded, on pain of broader US sanction of any not complying. The day after the first waypoint of 6 August, the EU reintroduced an updated version ...
Category: News

The view from high Aconcagua ....

If you are voyage chartering in or out, the 26 March decision in the “ACONCAGUA BAY” ([2018] EWHC 654 (Comm)) may be important. It is the first High Court r http:// uling here on an old question. The issue was whether “always accessible” in a voyage charterparty meant that a vessel must be able always to reach the port/berth and also to leave ...
Category: News

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