United Kingdom: Marine/ Shipping

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Article
Strait Of Hormuz: Current Situation And Implications For Marine Insurance
The Strait of Hormuz has become a critical flashpoint for global maritime trade following the outbreak of hostilities involving Iran in 2026. With approximately one-fifth of global oil trade passing through this vital waterway, commercial shipping now operates under unprecedented security threats including missile attacks, drone strikes, and mine risks. Marine insurance premiums have skyrocketed from 0.125% to as high as 10% of vessel values, fundamentally altering the economics of Gulf trade and forcing th
United Kingdom Insurance
LA
Lester Aldridge LLP
Article
UK Vessel Registration: Benefits, Legal Protection and Commercial Advantages
UK vessel registration offers vessel owners far more than administrative compliance. From legal protection under English maritime law to international recognition and access to marine finance, Part I Registration on the UK Ship Register provides significant commercial and operational advantages for both private and commercial vessel owners navigating global waters.
United Kingdom Transport
LA
Lester Aldridge LLP
Article
UK Supreme Court Confirms Buyers’ Loss-of-bargain Damages Under The 2012 Norwegian Saleform
The UK Supreme Court has ruled on whether buyers can recover loss of bargain damages when cancelling a ship sale contract under the 2012 Norwegian Saleform due to a seller's late delivery caused by proven negligence. The decision clarifies the scope of compensation available under clause 14 when sellers miss the cancelling date, potentially exposing sellers to significant market-difference damages in rising markets.
United Kingdom Transport
B
Bech-Bruun
Article
LNG Charterparty Hire Formula: Meaning Of JKM–TTF Pricing Spread
The Commercial Court ruled on a USD 29 million dispute over an LNG carrier charterparty's index-linked pricing formula, determining whether the "JKM-TTF spread" operated bidirectionally or only when JKM exceeded TTF. The decision examines how unprecedented market conditions—where European gas prices surged above Asian prices due to the Ukraine war—tested the contractual formula's application and whether rectification could remedy an alleged drafting oversight.
European Union Litigation
CMS Wistrand
Article
Sanctions And Risk Avoidance Clauses In The Court Of Appeal - Emmet Coldrick
The Court of Appeal examined whether shipowners were entitled to refuse loading Russian oil cargo based on sanctions risk concerns, involving a shipper associated with an EU-sanctioned individual. The case provides important guidance on interpreting risk avoidance clauses in commercial contracts, particularly where sanctions compliance creates operational uncertainty.
United Kingdom International
QC
Quadrant Chambers
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