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Related news & insights - Grant Eldred
The Electronic Trade Documents Act 2023 – the future is now?
Posted: 20/09/2023
A significant milestone has today been reached in the UK’s journey to the digitalisation of trade with the entry into force of the Electronic Trade Documents Act 2023. With effect from Wednesday 20 September 2023, digital versions of international trade documents such as bills of lading will have the same legal recognition under English law......>>
Penningtons Manches Cooper ship finance team advises Condor Ferries on financing and purchase of passenger ferry
Posted: 05/06/2023
Penningtons Manches Cooper’s ship finance team has advised UK and Channel Islands based ferry operator Condor Ferries on the financing and purchase of the ro-ro passenger ferry m.v. ‘Condor Islander’ (formerly m.v. ‘Straitsman’). Partner Grant Eldred and associate Ellis van der Vos, with additional advice from partner......>>
Unicredit Bank AG v Euronav NV: is a charterparty bill of lading now worthless security?
Posted: 31/05/2023
The Court of Appeal addressed two key issues earlier this month in its decision in the Unicredit v Euronav appeal: (i) the status of a bill of lading in the hands of a voyage charterer after it has ceased to be the charterer under the terms of the charterparty; and (ii) the principles of causation to be applied where a cargo is released without presentation......>>
Digitalisation of international trade documents – when will the future cometh?
Posted: 06/03/2023
In many respects, commercial shipping is advancing technologically like any other industry. Artificial intelligence is helping with route optimization and safe decision-making. The manual inspection of equipment is being replaced with sensor technology and industrial robots are performing tasks ranging from packing to firefighting......>>
BIMCO SHIPSALE 22 - a revolution in ship sale and purchase?
Posted: 06/05/2022
The Baltic and International Maritime Council (BIMCO) recently published its own standard form of ship sale and purchase contract, SHIPSALE 22. This new form seeks to update and improve on the leading standard, SALEFORM 2012, the most recent iteration of the Norwegian Shipbrokers’ Association’s memorandum of agreement......>>
The better way to sell a yacht – the 2021 MYBA E-MoA
Posted: 11/04/2022
For the first time in over 15 years - and with the benefit of experience from various contacts across the maritime industry – MYBA, the worldwide yachting association, has made material amendments to some of the key terms in its internationally recognised sale and purchase contract......>>
Planning for the commercial impact of potential USA, EU and UK Sanctions in the Russia-Ukraine Crisis
Posted: 16/02/2022
The USA announced the last major change to the structure of the Russian-Ukrainian sanctions regimes, prompted by the shooting down of Malaysia Airlines MH17 over Ukraine in July 2014, in September 2014. Since then, a number of updates and additions have been made by the USA, the EU and, more recently, the UK under the 2019 Russia (Sanctions) (EU exit) Regulations......>>
Passenger shipping team advises Condor Ferries on fleet renewal programme
Posted: 09/09/2021
Penningtons Manches Cooper has assisted high-speed ferry operator Condor Ferries in the latest stage of its fleet renewal programme with the sale of the high-speed catamaran Condor Rapide to Spanish operator Trasmapi and chartering of the new Condor Voyager from affiliate operator Brittany Ferries......>>
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