Lloyd’s Salvage Arbitration Branch has released a new Lloyd’s Open Form of Salvage Agreement (“LOF 2024”), as well as a new Lloyd’s Salvage Arbitration Clause (“LSAC 2024”).

On 4 June 2024 BIMCO released a new version of WRECKSTAGE, which has long been the industry standard agreement for maritime wreck removal projects where the contractor is remunerated on a lump sum basis. Several changes have been made to this new version, the most important being a new optional risk allocation procedure, which is intended to give greater certainty in the allocation of risks. The result is an improved form which will no doubt be warmly welcomed by the industry.

Lloyd's Salvage Arbitration Branch has released a new Lloyd's Open Form of Salvage Agreement ("LOF 2024"), as well as a new Lloyd’s Salvage Arbitration Clause ("LSAC 2024").

Following the Paris Agreement, Carbon Capture and Storage (CCS) has emerged as a promising tool to substantially reduce carbon emissions. Whilst CCS’s potential is considerable, it is still a developing industry that needs efficient means of transportation.

Yesterday, BIMCO released a new version of WRECKSTAGE, which has long been the industry standard agreement for maritime wreck removal projects where the contractor is remunerated on a lump sum basis. Several changes have been made, the most important being a new optional risk allocation procedure, often referred to as QRA (quantitative risk assessment), which is intended to give greater certainty in the allocation of risks. The result is an improved form which will be warmly welcomed by the industry.

Norway has signed an agreement with the United Kingdom, Belgium, Denmark and the Netherlands to facilitate cooperation on the international operation of autonomous ships. The agreement is particularly aimed at the operation of autonomous ships in the North Sea basin, including ships for inspection and maintenance of existing and future offshore wind installations.

Norwegian media has recently published a number of stories on the alleged poor working conditions at Turkish shipyards. Norwegian shipowners contracting with foreign yards must be prepared to provide information on their efforts to ensure decent working conditions pursuant to the Norwegian Transparency Act.

Ship and rig recycling

Sanctions and Trade Compliance

Maritime and Offshore Emergency Response

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Partner

Oddbjørn is the head of the firm's Shipping Offshore Dispute Practice at our Oslo office, providing specialized services in maritime law and marine insurance. His expertise spans across various facets of the field, including litigation, international arbitration, casualty work, and shipping/offshore transactions.
 
With a strong track record in newbuilding and conversion projects; sale, purchase and chartering work; and financing of ships, rigs, and similar assets, Oddbjørn is a seasoned lawyer in the industry. He recently acted as lead partner in a substantial Carbon Capture and Storage (CCS) project, where the cross-border transportation of CO2 element raised legal issues within a broad range of areas. 

His vast litigation experience led to his admittance to the Norwegian Supreme Court in 2017.

Additionally, Oddbjørn has accrued extensive international exposure, having worked as a maritime lawyer in Japan for several years. This international experience also extends to his involvement in large projects across East Asia, North Africa and Brazil.

Lauded by both Chambers and Partners and Legal 500, Oddbjørn has earned a commendable reputation in the field. Client testimonials in Legal 500 have praised him for being "service-minded, available, mild-mannered but tough when needed". The Norwegian financial daily "Finansavisen" annual lawyer survey has ranked him as winner of the "Shipping" category three times.

Oslo

Member of the Norwegian Bar Association's Maritime and Transportation Law Committee

Board member The Norwegian Maritime Law Association (CMI)

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Oddbjørn mainly assist clients within the field of maritime law and marine insurance, including litigation, casualty work and shipping/offshore transactions.