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WRECKFIXED 2010

30 January 2023

WRECKFIXED 2010 is an international wreck removal and marine services agreement based on a fixed price and on the principle of no cure, no pay. The latest edition of this contract is WRECKFIXED 2010. Copyright in WRECKFIXED 2010 is held by BIMCO.

15+15 webinar: Thou Shall Not Pass! Routing Through the Red Sea in 2024

15 March 2024

The last three months have seen a substantial volume of queries in relation to the pros and cons of transiting via the Gulf of Aden versus the Cape. In this episode of 15+15, Alex Kemp and Simon Maxwell , experts in war risks from HFW will briefly discuss the latest in the Red Sea, the level of the threat posed and the factors to be taken into account when deciding when to proceed and when to re-route. The main take-aways from the presentation will be: The decision of whether to re-route requires a nuanced review of the interplay between the contractual matrix and the current threat level (which is informed by a multitude of sources). A pragmatic and commercial approach (focused upon engaging with all parties to the maritime adventure) often provides the greatest chance of reaching the right conclusion, hopefully without the threat of legal-action emerging after. HFW have unparalleled experience in advising clients on recent war risks around the world including Somali Piracy, West African Piracy, the war in Ukraine, the war in Gaza, the attacks around Saudi and the more recent activities of the Houthis in the Red Sea.