Welcome to the December 2018 edition of Legalseas.
In this issue
Financing scrubbers - potential solutions
Shipowners are increasingly exploring how they can finance the retrofitting of scrubbers on their ships in preparation for the 0.5 per cent cap on sulphur content in shipping fuel coming into force on January 1, 2020. We look at some of the potential financing solutions and their related issues.
Piercing the corporate veil in US admiralty proceedings
In this video, we examine recent changes in the US courts and how they affect maritime creditors seeking to pierce the corporate veil in order to obtain security for their claim.
High and dry - legalization of cannabis in Canada and the impact on shipping
What does the enactment of the Cannabis Act in Canada mean for seafarers and shipowners, and their obligation to ensure the safety of ships, crew, cargo and the marine environment?
Put to the test the proper interpretation of the standard London insurance market Sanctions Limitation and Exclusion Clause
A Commercial Court decision has provided guidance on the interpretation of sanction exclusion clauses and will assist in the negotiation of marine cargo and other insurance policies on the London market.
Distributed ledgers, blockchains and smart contracts have the potential to transform business, government and society.