菜单
Legal update from the Maritime team

News /

Last week we successfully completed the first post onset of Covid-19 mortgage amendment for one of our ship owning clients on the Marshall Islands Ship Registry.

As a result of the on-going Covid-19 restrictions this exercise involved a higher degree of co-ordination and co-operation between the various parties not usually required under normal circumstances.

Whilst the Marshall Islands Ship registry has allowed some relaxation in their requirements for the execution of documents it was still necessary to identify and agree the best method by which the documents to be registered against the vessels concerned could be executed and recorded in the most expeditious manner.

Following consultation between ourselves, the Marshall Islands Registry and the other parties involved, we were able to convene and chair the first online closing meeting with the Marshall Islands Registry using Skype for Business video conferencing.

During the meeting the Marshall Islands Registry were able to witness live the execution of various mortgage amendment documents by Stuart Plotnek of our Sale & Purchase Department acting as duly appointed attorney for the client. The documents were then scanned by Stuart from a remote location directly to the Marshall Islands Registry who accepted them in lieu of the originals and recorded them against the vessels concerned. As a result our client was able to draw down on the increased loan amount in a timely manner saving it considerable inconvenience and potential financial distress.

Having pioneered this method of closing and shown how successfully it can operate we can assist you with documentary closings in all manner of transactions and can also act as your appointed attorneys for the purpose of executing documents relevant to those transactions.

As always, despite the best efforts of Covid-19 to disrupt all our lives and livelihoods, our Ship Finance and Ship Sale & Purchase Team remain ready, willing and able to assist you with all your non-contentious maritime transactions and provide you with the seamless level of service you have come to expect from Ince.

Beatrice Russ

Beatrice Russ Partner

Stuart Plotnek

Stuart Plotnek Managing Associate

Related sectors:

相关新闻和市场洞悉

新闻 / Ince celebrates one year since Scotland office opening

23-11-2022 / 保险, 航运, 房地产

We are pleased to be celebrating one year since opening our first Scottish office in the city of Glasgow.  Stefanie Johnston, dual-qualified Partner and Head of Scotland, has worked tirelessly over the last year to develop our offering through the opening of an Ince office in what is arguably an established Scottish market. Starting from the ground up, Stefanie and her team have successfully gained an admirable reputation in the region and further afield in the maritime, insurance, real estate and regulatory sectors. 

Ince celebrates one year since Scotland office opening

新闻 / Shipping E-brief November 2022

17-11-2022 / 航运

The Shipping E-Brief is a publication providing you with key information on legal decisions and developments in shipping and related business areas.

Shipping E-brief November 2022

新闻 / Appeals from arbitration: is reform required?

15-11-2022 / 航运

In September 2022, the UK Law Commission published a consultation paper with provisional recommendations for updating the Arbitration Act 1996 (the Act 1996). Amongst other things, the Law Commission considered whether any changes need to be made to: (i) s.67 of the Act 1996, which deals with jurisdictional challenges to arbitral awards; and (ii) s.69 of the Act 1996, which deals with appeals on points of law.

Appeals from arbitration: is reform required?

新闻 / Owners not in breach of charter and entitled to claim demurrage

09-11-2022 / 航运

CM P-MAX III Limited v. Petroleos Del Norte SA (MT Stena Primorsk) [2022] EWHC 2147 (Comm) This recent laytime and demurrage dispute demonstrates that an owner can legitimately refuse orders where such orders may jeopardise the safety of a vessel.

Owners not in breach of charter and entitled to claim demurrage

新闻 / Court of Appeal finds owner should have accepted non-contractual performance

09-11-2022 / 航运

Mur Shipping BV v. RTI Ltd [2022] EWCA Civ 1406 A majority of the Court of Appeal has held that the Owner under a contract of affreightment (COA) should have accepted payment of freight in Euros, rather than the US dollars provided for in the COA. Its refusal to do so meant that the Owner could not rely on the force majeure clause in the COA, in circumstances where US sanctions might have restricted US dollar transfers from or on behalf of the Charterer.

Court of Appeal finds owner should have accepted non-contractual performance

新闻 / “Due” means due!

03-11-2022 / 航运

Ceto Shipping Corporation v. Savory Inc (Victor 1) [2022] EWHC 2636 (Comm) The Court in this case had to construe a purchase option clause in a bareboat charter. Specifically, it considered whether the fact that the charterer had not fulfilled certain payment obligations under the charter because it was disputing them in good faith meant that the owner was not obliged to transfer title to the vessel at the end of the charter period.

“Due” means due!