Authored articles
11/07/2023
Thomas Miller Connect
Thomas Miller Connect is the online portal which allows you 24/7 access to policies, premium balances and full claims data.
11/07/2023
ITIC Insight
ITIC Insight is the podcast series where we discuss the important issues and challenges facing transport and insurance professionals across the world, whilst offering loss prevention advice and our insights on key topics.
10/07/2023
July, 2023 - The Great Creation: A false friend?
Time charterparties usually require the charterer to provide a series of notices prior to redelivering the ship, informing the owner of the time and place of the redelivery. Very often, this will take the form of a series of “approximate” notices giving a decreasing amount of notice, followed by a series of “definite” notices even closer to redelivery. This should enable the owner to arrange for the ship’s next fixture and minimise any unemployment. But what happens if a charterer does not give some (or all) of the required notices, or does not redeliver the ship in line with the notices that are given? In such situations an owner may look to claim damages, and in this regard might be attracted to an argument based on a case called The Great Creation [2015] 1 Lloyd’s Rep. 315, which provides a seemingly straightforward way to calculate damages. However, for the reasons set out below we would caution against relying too heavily on The Great Creation decision.
05/07/2023
The Impact of the EU Emissions Trading Scheme on Shipping
On 16th May, 2023 the European Parliament approved amendments to the EU Emissions Trading Directive, bringing shipping within the scope of the EU Emissions Trading Scheme (“EU ETS”). As a result, from 1st January, 2024, ships of 5000GT and above which transport cargo or passengers for commercial purposes will be subject to the EU ETS. This publication considers how the EU ETS works, the implications for owners and charterers and how parties can allocate the costs and responsibilities for complying with an ETS in their charterparties. Podcast by Francesco Tundo, Senior Claims Director
28/06/2023
The Impact of the EU Emissions Trading Scheme on Shipping
On 16th May, 2023 the European Parliament approved amendments to the EU Emissions Trading Directive, bringing shipping within the scope of the EU Emissions Trading Scheme (“EU ETS”). As a result, from 1st January, 2024, ships of 5000GT and above which transport cargo or passengers for commercial purposes will be subject to the EU ETS. This publication considers how the EU ETS works, the implications for owners and charterers and how parties can allocate the costs and responsibilities for complying with an ETS in their charterparties.