Shipping Offshore Update July 2022

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  • Shipping Offshore

    2022

    Russia’s invasion of Ukraine – force majeure and frustration – The English and Norwegian perspective

    The invasion of Ukraine by Russia has caused untold human suffering, severe disruption to global trade and property damage. It has also led parties to closely examine contracts with a Russian connection to see if they can be suspended or terminated lawfully.

  • Shipping Offshore

    2022

    War and warlike operations in a time of uncertainty

    The outbreak of war can have serious consequences on charterparties of all kinds and it is therefore no surprise that the industry has developed several standard clauses to clarify the parties’ obligations in such uncertain times.

  • Shipping Offshore, China

    2022

    How to navigate China’s anti-sanctions laws amidst the sanctions against Russia

    The sweeping sanctions implemented against Russia give renewed relevance to the Chinese countermeasures to foreign companies with operations in China or doing business with Chinese counterparties. Companies should tread carefully to avoid falling foul of Chinese legislation.

  • Shipping Offshore

    2022

    SHIPSALE 22—a familiar form in a new guise

    On 21 April 2022 BIMCO released SHIPSALE 22, its new standard contract for sale/purchase of vessels.

  • Shipping Offshore

    2022

    BIMCO standard form refund guarantee for shipbuilding contracts

    Refund Guarantees secure repayment to the buyer of the pre-delivery instalments paid under a shipbuilding contract (an “SBC”) in the event of termination of the SBC due to builder’s default or insolvency or the total loss of the ship under construction. Having the benefit of a refund guarantee is therefore of key importance to the buyer under a shipbuilding contract.

  • Fisheries and Aquaculture, Shipping Offshore

    2022

    New technologies in aquaculture

    New technology in aquaculture is enabling offshore farming and the increased use of closed cages. New regulations may trigger significant investments in the years to come, resulting in an increased demand for new building and supply services.

  • Shipping Offshore, Maritime and Offshore Emergency Response

    2022

    Report on the safety of cruise traffic in Norwegian waters

    In the spring of 2019, the cruise vessel “Viking Sky” suffered engine failure and almost grounded. Nearly three years later, a Norwegian Official Report (NOU 2022: 1) on how to reduce the risk of casualties within the cruise sector has been published.

  • Shipping Offshore, Maritime and Offshore Emergency Response

    2022

    Progress towards a treaty on plastic pollution

    In March of this year, the United Nations passed an historic resolution which may result in a legally binding treaty to combat plastic pollution in the oceans.

  • Shipping Offshore, Renewable energy and infrastructure, China

    2022

    Status on China’s offshore wind power development

    Mainland China has become the largest offshore wind market in the world. An overall industry chain has been established which encompasses complete offshore wind installation and operation, as well as maintenance and spare parts manufacturing, presenting an attractive market for both domestic and foreign companies.

  • Shipping Offshore, Ship and rig recycling

    2022

    “Harrier” – the first beaching case heard by Norwegian courts ends with a six month prison sentence for the shipowner

    In a recent decision, the Norwegian Supreme Court refused to hear an appeal from a Norwegian shipowner over the Court of Appeal’s decision, which upheld the District Court’s conviction and sentencing of the shipowner to six months in prison for participating in an attempt to illegally export the barge carrier “Harrier” from Norway for demolition at Gadani, Pakistan.