In a 9-0 decision, the U.S. Supreme Court held on February 21, 2024, that choice-of-law clauses in marine insurance contracts are presumptively enforceable under federal maritime law. These clauses should be enforced unless...more
2/23/2024
/ Choice-of-Law ,
Common Law Claims ,
Forum Selection ,
Insurance Contracts ,
Insurance Industry ,
Insurance Litigation ,
Jurisdiction ,
Maritime Transport ,
Policy Terms ,
Public Policy ,
SCOTUS
The Baltic and International Maritime Council (BIMCO) has released SHIPSALE 22, a new standard contract form for use by commercial sellers and purchasers of vessels. SHIPSALE 22 is intended to replace the popular SALEFORM...more
The Brazilian Superior Court of Justice granted Nordic Trustee's appeal on Nov. 16, 2017, and recognized the validity of a $530 million First Preferred Liberian Ship Mortgage over the OSX 3 in favor of Nordic Trustee. The OSX...more