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Maritime casualty response and investigation in the digital era
Posted: 02/11/2020
Maritime casualties can be resource intensive and time-consuming in their immediate management, as well as in the resulting liabilities that can take months or years to resolve......>>
Marine insurance and items ranking towards CTL calculations: The Renos and Brillante Virtuoso revisited
Posted: 30/09/2020
Following the landmark decision of the Supreme Court in The Renos (in which Penningtons Manches Cooper represented the H&M underwriters) and the Commercial Court decision in The Brillante Virtuoso, the law surrounding the constructive total loss (CTL) of vessels has undergone close scrutiny......>>
Bunker disputes: common pitfalls and guidance
Posted: 07/09/2020
The significance of bunkers in shipping is unquestionable. After the crew, they are the single item without which a vessel would remain idle and they give rise to a wide range of disputes from off-hire claims to catastrophic engine failures......>>
Owners’ risk of charterers’ default in uncertain times: withdrawal/termination and insolvency
Posted: 20/07/2020
A wealth of guidance - including from Penningtons Manches Cooper - has been published about the effect and business interruption aspects of Covid-19......>>
Is a tanker vessel used as a floating storage problematic?
Posted: 06/07/2020
On 4 June 2020, market sources reported that spot rates in LR product tankers had fallen sharply due to lower naphtha flows and reduced floating storage demands over tonnage oversupply. This followed a period during which VLCC rates have reportedly been pushed from averages closer to $100,000 to more than $300,000 a day...…>>

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