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Iran Sanctions Update - May 2012

In this article we review EU Council Regulation No. 267/2012 that has repealed and replaced Regulation 961/2010 which had previously served as the main piece of EU legislation concerning restrictive measures against Iran.
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Supreme Court rules on owners’ rights of remuneration post-withdrawal under a time charter

In a judgment handed down on 2 May 2012, the UK Supreme Court has provided interesting clarification in relation to the scope of contractual indemnities in a time charter context and the rights and responsibilities arising out of a non-contractual bailment where a time charter has come to an end. In the present case, the Supreme Court held that the owners were entitled to compensation for the detention of the ship while the charterers' cargo ...
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Commercial Court confirms principle in White and Carter applies to a time charterparty

The Commercial Court confirmed that the principle in White and Carter applies to a time charterparty and that the exception to that rule will only operate in extreme cases. Paul Herring and Livvi Zen-McDonald of Ince & Co LLP represented the successful owners in this case.