Commercial Law & Contracts

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News & Analysis as of May 20, 2013

Application of the word "about" – When does under-consumption start?

by Reed Smith on 7/17/2012

The Gaz Energy No.2 On 21 June 2012, the High Court handed down its decision on a time charter performance case where the issue was whether, in circumstances where the vessel has performed within the consumption...more

11th Circuit Approves Pro Rata Apportionment to Plaintiff and Intervenors of Attachment Costs

by King, Krebs & Jurgens, PLLC on 5/10/2012

In the unpublished opinion of Adams Offshore, Ltd. v. Blake Marine Group, No. 11-12753 (11th Cir. Apr. 27, 2012), the Eleventh Circuit Court of Appeals adopted the Fifth Circuit’s suggestion in Beauregard, Inc. v. Sword...more

What’s done cannot be undone: The perils of e-mail confirmations of payments for vessel necessaries

by King, Krebs & Jurgens, PLLC on 3/27/2012

Most contracts for the sale of goods and services contain a standard provision regarding the application of payments on overdue accounts, such as: “When more than one invoice is past due at the same time, Seller shall be...more

Take stock of the law

by Melissa Forbes on 1/1/2012

Trade & Export Middle East, January 2012 Traders who are registered to do business in the UAE, or transact with companies or people based in the UAE, should be aware of the laws that effect their establishment and how to...more

Container Detention Charges Held Not To Be Penalties

by Nathan Cecil on 5/12/2011

In a decision handed down on 18 April 2011, the Consumer, Trader and Tenancy Tribunal (“CTTT”) of NSW has held that container detention charges are not penalties and are enforceable at law. This article will be...more

Court of Appeal clarifies issues relating to Marine Insurance, Piracy, and the treatment of Ransom Payments as a matter of English...

by Reed Smith on 1/28/2011

Masefield AG v Amlin Corporate Member Ltd [2011] EWCA 24 The Facts The vessel "BUNGA MELATI DUA" was captured in the Gulf of Aden by Somali pirates, while carrying cargo belonging to the Claimant. Negotiations for the...more

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