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In line with previous years, BIMCO continue to work with Oceans Beyond Piracy (OBP) in their effort to uncover the economic and human costs of piracy. With this year’s report, “The State of Maritime Piracy 2013” BIMCO has once again been asked to audit the methodologies and calculations used in the report.
The latest edition of this clause is the War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)
The latest edition of this clause is the War Risks Clause for Time Chartering 2013 (CONWARTIME 2013)
2019 so far has proved to be a year dominated by geopolitical events. The US Administration has placed sanctions on both Iran and Venezuela in a bid to reduce crude exports to zero. Tanker sabotage and disruption in the Middle East Gulf has pushed insurance premiums up and led to some shipowners to avoid the region. Potential disruptions to Libyan supply remain. The US-China trade war has threatened to generate an economic slowdown, adding further market uncertainty. Crude prices have ebbed and flowed, touching highs of $74.57/bbl in April and lows of $54.91/bbl in January as both supply, demand and geopolitical signals vie for supremacy. The weekly tanker market report by Gibson Shipbrokers.
The seminar focuses on the practical aspects of trading vessels and cargoes in areas where sea ice can impact the commercial agreement. The seminar is structured as a blend of useful commercial guidance and case discussions.
Toby is HFW’s Singapore Head of Shipping and APAC Head of our global Crisis Management team. Toby’s work involves managing major marine and energy disasters, which are often complex, involving a number of interrelated actions in a number of jurisdictions. He is also recognised for insurance coverage and other marine and energy related commercial and contractual disputes. Toby has practical experience of working as a marine surveyor in Houston. He has also acted as head of the legal team at a leading Lloyd’s syndicate dealing with marine, energy and war risks. Toby is qualified in England and Wales and joined HFW as a solicitor in 2001. He became a Partner in 2007 and relocated from our London office to Singapore in 2017.
BARECON 2001 is being updated to reflect changes in commercial practice and legal development in the 15 years since it was published. At a meeting held at BIMCO House on 29 September the focus of the revision team was the hire and termination provisions.
