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BIMCO revises War Risks clauses for time and voyage charter parties
25 Apr, 2025
BIMCO has recently taken the opportunity to revise its most widely used War Risks clauses for time and voyage charter parties and an overview of the main changes compared with the 2013 clauses is set out...
California - Voluntary Vessel Speed Reduction
19 Jul, 2023
The USCG, EPA and NOAA make an annual request that all vessels 300 GT or larger reduce speeds to 10 knots when transiting within the designated VSR (Vessel Speed Reduction) zones along the California coast....
Russian Sanctions - Vessel Designations & OFAC Guidance Issued
20 Oct, 2023
A new client alert bulletin has been issued by Freehills relating to the OFAC designation of two oil tankers and their respective registered owners for transporting Russian-origin crude oil sold above...