New LMAA Terms 2017

The London Maritime Arbitrators Association, whose LMAA Terms govern a wide range of maritime disputes, has published an updated version of the Terms, which come into effect on the 1st May 2017. The new terms apply to arbitral proceedings commenced on or after 1st May 2017. There has been recent case law, notably Gerald Metals v Timis (Vasile Frank) [2016] ...
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The new Iranian Petroleum Contracts (IPCs)

Following Implementation Day, Iran has progressively increased its oils production from 814,000 barrels per day (bpd) to the country's current maximum production capacity of approximately 3.6 million bpd. The National Iranian Oil Company's (NIOC) senior official, Seyed Mohsen Ghamsari, claimed that the country's oil output can be increased by 4 million bpd in the next two to three months based on ...
Category: Articles

Iran Sanctions UPDATE: Implementation Day declared

Late on Saturday 16th January 2016, The International Atomic Energy Agency (IAEA) General Director Yukiya Amano submitted a report to the IAEA Board of Directors and the UN Security Council, and subsequently confirmed that Tehran has adhered to all the terms of the JCPOA agreement that were required to trigger Implementation Day. Within hours, nuclear-related sanctions were lifted. The EU foreign policy ...
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Trade Receivables Securitisation – How to undertake a Survey or Audit

Understanding the key processes and adhering to best practice is essential for the smooth and successful completion of any trade receivables securitisation; and underwriting, risk assessment, and trade credit insurance are vital to the formation of any agreement. The undertaking of a survey or audit on an existing or potential credit insured client is fundamental, and it is of the utmost ...
Category: Articles

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