Report: Four crude oil tankers, four LNG carriers and ten LPG tankers announced in H1 2016 hydrocarbons-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbons-technology.com Daily Mail and Mail on Sunday newspapers.
FreightWaves Flashback: US may set aside 30% of oil for US ships
1974: Bills of this type have had rough sledding in years past, but the Arab oil squeeze and its implications in the nation’s total economic and transportation picture eased the way for possible passage this year.
0 17 7 minutes read Image: Jim Allen (FreightWaves)
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com.
The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.
The recent case of
CVLC Three Carrier Corp & Anor v Arab Maritime Petroleum Transport Company [2021] EWHC 551 (Comm) is a rare example of a successful challenge under section 69 of the Arbitration Act 1996 (Act). Section 69 allows parties to an arbitration seated in England and Wales to appeal to the English courts on a question of law arising out of an arbitral award. The right to appeal under this provision can be waived by the parties and is implicitly excluded by certain institutional rules, including the LCIA and ICC Rules.
1 Even where the parties have not contracted out of it, the right to appeal is subject to strict conditions, with applicants requiring the Court’s express permission to proceed. The English Commercial Court’s decision in
In an interesting decision concerning the implication of terms into guarantees, which may raise alarm bells for some parties in the maritime sector, the English Commercial Court has considered the circumstances in which a party may be able to obtain security for claims against a guarantor. The decision in CVLC Three Carrier Corp & Anr .