Diane Galloway

Diane Galloway

Reed Smith

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Common time limits for trade and shipping claims – a print-out guide

Introduction - A “limitation period” is the period of time within which court or arbitration proceedings must be commenced. Every legal claim will be subject to a limitation period, imposed either by the governing law...more

2/12/2014 - Shipping Statute of Limitations Trucking Industry

“The Masters of their Contractual Fate” – how not to get trapped into a contract before you are ready to commit

A recent High Court decision, Proton Energy Group SA v Orlen Lietuva [2013] EWHC 2872, serves as a timely reminder of the care parties must take when negotiating new deals so as not to become bound when they do not yet wish...more

10/18/2013 - Breach of Contract Contract Drafting Contract Formation Contract Interpretation Offers

Contracting with independent oil storage companies: the reality

Introduction - Storage space is a necessity for the owner of any physical commodity. Stockpiling in storage facilities permits greater flexibility and continuity of supply in the event of supply disruptions, increases...more

9/23/2013 - Contract Drafting Contract Formation Indemnification Oil & Gas Risk Management Storage Tanks

Revised MARPOL Annex V: An Update

In January changes to the way in which Cargo residues were classified came into effect by way of changes to MARPOL Annex V. These changes were met with some concern by both charterers and owners in that any residues of cargo...more

8/15/2013 - Hazardous Substances HME MARPOL Annex V Ports Shipping Waste Disposal

Letters of Credit and Commodities Contracts – Best Practices Revisited/Optional Confirmation

In this client alert, we revisit some best practices for using documentary letters of credit as the payment mechanism under commodities contracts. We also look at L/C confirmation and confusion which can arise with "may...more

8/12/2013 - Commodities Letter of Credit

North American Grain: key differences between standard forms (2)

This client alert is the second of a two-part series relating to the use of the standard form contract published by the North American Grain Export Association (NAEGA)....more

5/10/2013 - Contract Drafting Exports

North American Grain: key differences between standard forms

The North American grain market has experienced considerable difficulties in recent years. Severe droughts caused by record heats in 2011-2012 resulted in low yields and a deterioration in the quality of key crops such as...more

4/16/2013 - Commodities Grain Market Standard Forms

Revised MARPOL Annex V: Just Who Should Take Out the Trash?

Following a review by the Correspondence Group established by the Marine Environment Protection Committee in 2006, various amendments to MARPOL Annex V Regulations for the Prevention of Pollution by Garbage from Ships took...more

3/11/2013 - HME MARPOL Annex V

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