The global shipping industry is the backbone of international trade. This article explores areas in which legal strategies can help the shipping industry meet supply chain risks
Continue Reading Navigating Storms: Some legal strategies for contingency planning in shipping supply chains
Supply Chain
Insights from Reed Smith’s London International Shipping Week event: Managing your supply chain risk
Navigating the turbulent waters of the global supply chain from geopolitical uncertainty, to evolving sanctions, and the adoption of decarbonisation: Insights from Reed Smith’s London International Shipping Week event.
Continue Reading Insights from Reed Smith’s London International Shipping Week event: Managing your supply chain risk
Transparency in shipping supply chains
Supply chain transparency is an essential process where companies investigate their own supply chains to ensure compliance with internal company procedures and relevant laws. …
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Solving the ‘possession’ problem – Law Commission publishes draft legislation for the legal recognition of electronic trade documents
In our October 2021 blog “Possession as we (don’t) know it!”, we discussed the existing position under English law in respect of electronic trade documents and the scope for reform in light of the Law Commission’s consultation paper and draft legislation “Digital assets: electronic trade documents (2021) Law Commission Consultation Paper No 254”, published on 30 April 2021.
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Modern trends and challenges for supply chains: emerging technologies and environmental consciousness
Clients are always on the lookout for commercial advice that helps to manage modern trends and current challenges. In the transportation and logistics industry this includes the opportunities created by new technologies as well as the global demand for sustainability. In response, law firms need to reassess their offering and provide comprehensive assistance to clients along the supply chain.
Blockchain
New technologies have enabled businesses to integrate new processes across the supply chain. The goal, unsurprisingly, is to increase efficiency and unlock potential as processes become more advanced and customer demand more complex.Continue Reading Modern trends and challenges for supply chains: emerging technologies and environmental consciousness
India extends service tax on freight
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 on an FOB basis, including where ships have been chartered by importers domiciled in India. But it was not applicable where transportation services were provided from a place outside India to a port in India by a foreign shipping line at the request of a foreign shipper. The amendments are intended to correct this anomaly.
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A Shipowner’s Right to Freight: The “Bulk Chile”
In Dry Bulk Handy Holding Inc v Fayette International Holdings Ltd (The “Bulk Chile”) [2013] EWCA Civ 184, the court considered whether a shipowner is entitled to demand payment to himself of freight under his bill of lading when that contract stipulates for payment to another party, provided the shipowner makes his demand before the…