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Shipmanagers' Letter of Undertaking

28 January 2019

The Shipmanagers’ Letter of Undertaking (LoU) is a model letter for use in third party arrangements where shipmanagers maintain and operate the vessel but have no financial involvement or interest in its ownership. The content of the LoU is based on provisions commonly found in market documentation but creates a more equitable starting point for discussions. The BIMCO LoU aims to eliminate the need for often protracted party negotiations where points argued in previous cases are frequently repeated, which can be time-consuming and adds to costs. Copyright in Shipmanagers’ Letter of Undertaking is held by BIMCO.

George Leloudas

01 July 2019

Dr George Leloudas is an Associate Professor at the Institute of International Shipping and Trade Law (IISTL) of Swansea University that he joined in 2011. He is a graduate of the National and Kapodistrian University of Athens. He holds LLM degrees from the University of Bristol (England, 2002) and McGill University (Montreal, Canada, 2003). He also completed his PhD degree at Trinity Hall, Cambridge University in 2009 and worked in practice as a solicitor in London prior to joining to the IISTL.   George has most recently published his second monograph together with Professor Malcolm Clarke of Cambridge University on cargo Insurance. Also, in 2018 he published (with Prof Baris Soyer) an article on the carriage of passengers by sea in Michigan State University International Law Review and an article on IUU fishing (with Prof. Baris Soyer and Dr Dana Miller) in Transnational Environmental Law. He teaches marine insurance law, carriage of goods by sea, land and air and arbitration law and he is also one of the editors of the preeminent transport law publication, Shawcross and Beaumont, being responsible for the (passenger and cargo) liability chapters of the publication

Newbuilding report dated 14 April 2020

16 April 2020

With a big cloud of uncertainty in regards to when shipbuilding demand could return into healthier volumes still casting its shadow over the shipbuilding industry, appetite for ordering remains very limited, while given the fact that it usually takes at least a few weeks between the time an order is placed and the time it is confirmed, it is only recently that reported activity volumes have started to accurately reflect the negative impact of the pandemic on contracting The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

Dry cargo fixture and market reports dated 4 October 2019

07 October 2019

Capesize: The market floundered this week as it attempted to find a floor after the previous weeks plunge.  The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The daily dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize. 

Tanker market report dated 23 February 2018

26 February 2018

Go with the Flow - Last week the first test loading of a VLCC took place at the Louisiana Offshore Oil Port (LOOP), a successful culmination of the port’s efforts to modify one of its pipelines to accommodate the bi-directional flow of crude through the terminal The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.