Tag: Jolene Tan

Shipping, International Trade and Logistics

Tougher Verification Protocols for Beneficiaries in Letter of Credit Payments

Tougher Verification Protocols for Beneficiaries in Letter of Credit Payments /*! elementor - v3.13.2 - 11-05-2023 */ .elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner.elementor-widget-spacer,.e-con.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner.elementor-widget-spacer.elementor-widget-container,.e-con-inner.elementor-widget-spacer.elementor-widget-container.elementor-spacer,.e-con.elementor-widget-spacer.elementor-widget-container,.e-con.elementor-widget-spacer.elementor-widget-container.elementor-spacer{height:100%}.e-con-inner.elementor-widget-spacer.elementor-widget-container.elementor-spacer.elementor-spacer-inner,.e-con.elementor-widget-spacer.elementor-widget-container.elementor-spacer.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))} September 28, 2023 /*!…

28 September 2023

Shipping, International Trade and Logistics

Hope For Carriers Facing Misdelivery Claims: The Singapore Courts Signal A Need For Closer Scrutiny of Circumstances Surrounding Banks’ Financing Arrangements And Delivery of Cargo

The Singapore High Court in The “Miracle Hope” (Admiralty in Rem No. 45 of 2020, Registrar’s Appeal No. 298 of 2021 (unreported)) dismissed an appeal by a bank against an Assistant Registrar’s decision to grant the defendant shipowner unconditional leave to defend.…

18 October 2022

Conditional Fee Arrangements Now An approved Form Of Dispute Resolution Funding In Singapore

Law Bites – June 2022

On 4 May 2022, the Legal Profession (Conditional Fee Agreement) Regulations 2022 (the “Regulations”) came into force and heralded Singapore’s newfound acceptance of Conditional Fee Agreements (“CFAs”). Singapore-qualified lawyers and law practices and certain registered foreign lawyers and law practices are now permitted to enter CFAs with clients in relation to domestic and international arbitrations (regardless of seat), certain Singapore International Commercial Court proceedings, and related court and mediation proceedings.…

16 June 2022

The “MIRACLE HOPE” – The Security Obligations of Parties Under a Chain of LOIs

Law Bites – May 2020

1. To what extent will security in charters be enforced in these unprecedented times? At all costs, it seems.

2. The recent English High Court’s decision of Trafigura Maritime Logistics Pte Ltd v Clearlake Shipping Pte Ltd [2020] EWHC 995 (Comm) provides insights for parties interposed in back to back charter agreements, where the International Group of P&I Clubs standard form letters of indemnity (“LOI”) has been incorporated in the current climate.…

19 June 2020

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