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The Court also considered issues concerning repudiatory breach, the validity of the charterparty guarantees and assessment of damages for repudiatory breach of charter.

The subject vessel was chartered to carry a cargo of oil from Abidjan, Ivory Coast to Lagos, Nigeria.

A failure by the charterers to pay the hire equates to a breach of a condition, allowing the termination of the charter.

A shipyard’s failure to procure a renewal of a refund guarantee (two days before its expiry), was held to be a breach of an implied term of the shipbuilding contract that the shipyard must procure an extension within a reasonable time.

Supply chains in the Aerospace and Aviation Sectors can be complex, and severe operational and financial consequences can follow in the event of supply chain disruption.

The vessel in question was chartered by way of a fixture recap. Owners brought a claim for demurrage against Charterers.

The Hague Convention ('Convention') has come into force on 1 October 2015.

At the end of 2010 the High Court in Northern Ireland declined to enforce a clause providing for interest to accrue on unpaid monies at 15% per annum.

It is now common for businesses to adopt standard terms and conditions, but if both the supplier and purchaser try to impose their own standard terms into a supply contract, difficulties can arise in determining whose terms will prevail.

Q&A on commercial contracts in 2022 and beyond: businesses are looking further than their ESG initiatives to achieve net zero.

In the past two years, there have been radical changes to the role of Companies House aimed at preventing economic crime such as fraud and money laundering.

A discussion on the interpretation of an exclusion clause incorporated in an agreement which ran from five years from 1 April 2007 but ended unhappily in July 2010 with claims and counterclaims as to who was entitled to terminate.

Case law has further emphasised the need for careful drafting in relation to indemnity clauses in commercial contracts, especially in relation to service contracts in the oil and gas industry.

War in Europe, rocketing energy costs, UK financial "planning" which may have the ability to destabilise the economy; the future presents quite a bleak picture, at the moment.

A poche settimane dall'inizio del prossimo round negoziale sul TTIP (Trattato Transatlantico sul Commercio e gli Investimenti), ..

See below our general round-up of some key issues facing the market at the present time.

Common interest privilege arises where two or more people share a common interest in an underlying subject matter.