Welcome to the October 2018 edition of Legalseas.
As the oil price continues to rise and the market for offshore vessels improves, we consider the objectives of letters of quiet enjoyment in offshore vessel financings, which can represent one of the most challenging documents to negotiate in an offshore vessel financing.
LNG projects are becoming an increasingly important element of the global energy mix, driving new LNG related production and delivery projects, including LNG carriers. Such projects tend to amplify the potential for high value disputes. We look at ways in which parties can successfully address disputes throughout an LNG project life-cycle.
A recent Supreme Court ruling, involving bulk carrier the B Atlantic, examined the meaning of “malicious acts” under war risk insurance. We consider what the ruling means for shipowners and insurers.
Finally, a number of significant regulations are due to be introduced to lessen the environmental impact of the shipping industry. Our infographic sets out when these regulations are due to take effect.
In this issue
Letters of quiet enjoyment form a key part in an offshore vessel financing which can be challenging for charterers, owners and financiers to negotiate.
As LNG projects grow in scale and cost, the number of related arbitrations is expected to rise. Addressing risks is therefore crucial to project’s success.
The Supreme Court decision in the B Atlantic case gives clarity to the meaning of malicious acts under marine insurance.
With a number of new environmental regulations are due to take effect, this timeline reflects key dates and milestones for upcoming regulatory changes.