Shipping and Commodities Brief

Welcome to the latest edition of Shipping and Commodities Brief.

Date published

19/09/2016

Sectors

Locations

In this edition, we consider some of the implications for marine insurers of the Third Parties (Rights against Insurers) Act 2010, which finally came into force on 1 August 2016. We also review recent shipping and marine insurance law decisions of interest to the market. 

This year has seen two landmark Supreme Court decisions:
• Versloot Dredging abolished insurers’ remedy of forfeiture where an insured gilds the lily to improve the speed of claims settlement.
• Res Cogitans exposes shipowners to the risk of double jeopardy on bunker supplier insolvency.

As always, we hope you enjoy reading this edition and welcome your feedback.

In this issue