Why Shipping Companies cannot afford to Ignore Environmental and Social Responsibilities
In an era marked by increasing concerns over environmental, social, and governance (ESG) issues, shipping companies find themselves at a crossroads, as they need to prioritize between profits and sustainable practices. In case, the shipping company is part of the top 1000 listed companies by market value, it is mandatory for them to provide a […]
No liability can be fixed on a shipowner for bunker supplies when he is not a party to the contract.
Applicant – Original defendant, owner of vessel Opponent – Original plaintiff, bunker supplier Date of decision – August 21, 2020 Facts of the case: In this case, the applicant ship-owner chartered his vessel to Lianyi Shipping Corporation (Lianyi). Lianyi hired bunkers during the charter period from Bo Hai (bunker supplier). The time charter agreement clearly […]
Bombay High Court Resolves the Conflict between Admiralty and Insolvency Law
Introduction The Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017 (“Admiralty Act”) is a special law which aims to consolidate the laws relating to admiralty jurisdiction, legal proceedings in relation to vessels, their arrest, sale and other incidental matters. Whereas,The Insolvency and Bankruptcy Code, 2016 (“ IBC”) is a special statute devoted entirely to […]
