Singapore will soon be implementing the 1996 Protocol to the Convention on Limitation of Liability for Maritime Claims of 1976 (as amended in 2012 and effective from 2015), following the passing of the Merchant Shipping (Miscellaneous Amendments) Bill. With the passing of the Bill, Singapore’s limitation of liability regime for maritime claims will be aligned … Continue Reading
Indian authorities have recently extended the service tax on ocean freight, payable under the Finance Act 1994 (“Service Tax”), to cargoes imported on a CIF basis. The amendments to the Act in this regard came into effect from 22 January 2017. This Service Tax has been levied since June 2016 over freight on cargoes imported … Continue Reading
(1) PST Energy 7 Shipping LLC and (2) Product Shipping & Trading S.A. v. (1) O.W. Bunker Malta Ltd and (2) ING Bank N.V. [2015] EWCA Civ 1058. In a decision which has wide reaching implications for ship owners, the Court of Appeal yesterday upheld the decision of the Commercial Court that a bunker supply … Continue Reading
The British Chamber of Shipping has published guidelines to the UK Bribery Act 2010 (the “Act”), which came into force on 1 July 2011. The purpose of the guidelines is stated as being “to provide general background and highlight points to be taken into account when considering issues raised by the Bribery Act”. The guidance … Continue Reading
