Shipping Offshore Update December 2022

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  • Shipping Offshore, Insurance Law


    The 2023 revision of the Nordic Plan

    The Nordic Marine Insurance Plan of 2013, version 2023, has recently been approved following negotiations between the Nordic shipowner associations and the Nordic Association of Marine Insurers.

  • Shipping Offshore


    The future of Lloyd’s Open Form

    The Lloyd’s Open Form survives – but its future remains uncertain.

  • Shipping Offshore


    GENCON 2022 – BIMCO’s new flagship contract

    On 25 October 2022, BIMCO published an updated version of GENCON, the most widely used dry bulk voyage charter party form worldwide. BIMCO also took the opportunity to update the accompanying CONGENBILL.

  • Shipping Offshore, Maritime and Offshore Emergency Response


    Limitation of liability in light of the MSC Flaminia (No.2) case

    The right to limit liability for claims is a cornerstone and unique feature of maritime law. Limitation issues are a particularly important consideration in the aftermath of large scale casualties as the ability to limit liability may significantly reduce the financial exposure for a party and its insurers.

  • Shipping Offshore, Compliance and crisis management, International sanctions and export control


    The year of sanctions – some lessons learnt

    The massive and unprecedented sanctions imposed against Russia have required significant efforts to manage the risks and impact of sanctions, particularly in view of creative attempts to circumvent by some parties. In this article we explain why you should update your sanctions clause, and how to ensure that it is fit for purpose.

  • Shipping Offshore, Data Protection


    Transfer of employee information outside of China under PIPL and the new Draft Standard Contract

    The Cyberspace Administration of China has issued a draft standard contract for cross-border transfers of personal information out of China which will, if adopted, constitute a valid transfer mechanism under the Chinese Personal Information Protection Law. Both the transferring entity and the overseas recipient must still be aware of additional data protection requirements related to cross-border transfers, including reporting requirements.

  • Shipping Offshore, china


    ESG and the Chinese Shipping Industry

    ESG has been developing for decades internationally, in particular in the West, but has not been as well known in mainland China until more recently. Now, however, ESG is increasingly seen as a political priority aligned with the goal of “common prosperity” and therefore firmly on the agenda of large Chinese companies. This includes many shipping companies, where it is also expected that China’s push within green shipping will lead to more mandatory ESG obligations being introduced.

  • Shipping Offshore, Sustainability


    BIMCO completes its suite of CII, EEXI and ETS time charter clauses

    BIMCO has recently published three new clauses which seek to balance Owners’ and Charterers’ respective interests under time charters in relation to the obligations imposed by the CII, EEXI and EU ETS.

  • Shipping Offshore, Sustainability, Renewable energy and infrastructure


    Contracts for Difference in Shipping: The Zero-Emissions Catalyst?

    Although more typically associated with the renewables space, Contracts for Difference (CfDs) are increasingly being considered as a key part of the puzzle in achieving a zero-emissions future in the shipping sector.