China Objects to New Philippine Maritime Laws Covering South China Sea Areas
China summoned the Philippines' ambassador on Friday to express its objection to two new laws in the Southeast Asian nation asserting maritime rights and sovereignty over disputed areas of the South China Sea, its foreign ministry said.China made "solemn representations" to the ambassador shortly after Philippine President Ferdinand Marcos Jr signed the Maritime Zones Act and the Archipelagic Sea Lanes Act into law to strengthen his country's maritime claims and bolster its territorial…
Iran Says Crew of Israel-Linked Ship Freed
Iran has released the crew of a seized Portuguese-flagged ship linked to Israel, but remains in control of the vessel itself, Foreign Minister Hossein Amirabdollahian said.Iran's Revolutionary Guards seized the container ship MSC Aries, with a crew of 25, in the Strait of Hormuz on April 13, days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus. Iran had said it could close the crucial shipping route.“The seized ship, which turned off its radar in Iran's territorial waters and jeopardized the security of navigation…
BIMCO Publishes Quiet Enjoyment Letters
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers’ uninterrupted use of a ship if the owner defaults under the financing facility. The QELs will be provided by the lender to the charterer to ensure that the charterer, who does not have a contractual relationship with the lender but only with the owner, can continue to “quietly enjoy” the ship in case of the owner’s default.
BIMCO Approves Revised SYNACOMEX Grain Carter
BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX, to reflect changes in the geopolitical landscape following events including the COVID-19 pandemic and the war in Ukraine. The revised charter party now includes BIMCO’s anti-corruption clause and updated versions of the war risks and sanctions clauses.The charter party is developed by joint copyright holders SYNACOMEX and Armateurs de France, the French Union for Grains and Seeds Trade and the French Shipowners’ Association.
15 Nations Sign Beijing Convention
The United Nations Convention on the International Effects of Judicial Sales of Ships (also known as the Beijing Convention) was signed by 15 nations and regions at a signing ceremony in Beijing on September 5, 2023.Signatories were: China, Burkino Faso, Comoros, El Salvador, Grenada, Honduras, Kiribati, Liberia, Sao Tome and Principe, Saudi Arabia, Senegal, Sierra Leone, Singapore, Switzerland and Syria. It will come into force when it is ratified by three state parties. The Convention…
BP to Defend its Rights in Venture Global LNG Dispute
BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG over failing to supply contracted cargoes, Chief Executive Officer Bernard Looney said on Tuesday.Oil companies Shell SHEL.L and have separately filed for arbitration against Venture Global LNG over failing to supply contracted cargoes, even as it sold to non-contract customers while prices were soaring."You can expect us to defend our legal rights to the absolute fullest…
Fitzgerald Honored as he Retires from the US Coast Guard Reserve
Freehill Hogan & Mahar LLP Partner Daniel Fitzgerald retired from the U.S. Coast Guard Reserve in a ceremony at U.S. Coast Guard Headquarters in Washington D.C., this summer.Rear Admiral Melissa Bert presided over the ceremony, which was attended by family, friends and Coast Guard colleagues who worked with Fitzgerald over the past 28 years. Fitzgerald retired from his last duty assignment in Washington D.C. where he served as the Senior Reserve Judge Advocate (RJAG) for the entire Coast Guard Reserve.
