Shipping and Commodities Brief
Welcome to the latest edition of Shipping and Commodities Brief.
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
- Third Parties (Rights against Insurers) Act 2010: implications for marine insurers
- Bills of lading: “Hague Rules as enacted” can mean the Hague-Visby Rules
- Charterparty: limited meaning of ‘agent’ in off-hire provision
- Detention perils: broad application of infringement of customs regulations exclusion
- Hull insurance: SCOPIC and past expenses count towards constructive total loss