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.…