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Charterparties contain a variety of arbitration clauses which identify where and how parties wish their disagreements to be resolved.
A recent arbitration decision considered a good weather clause which included two descriptions of wave height, causing the charterers and the owners to take opposing views.
With Brexit on the horizon, there is now a big push at Government level to encourage UK companies to apply for Authorised Economic Operator status.
A recent London arbitration decision has looked at how a receiver’s claim for the diminution in the value of a cargo, which arose solely because of the delay by a ship caused by the owners of the vessel, should be interpreted against the backdrop of the Inter-Club Agreement (ICA) wording.
One area where there may need to be a change of tactics and approach in the event of a no deal Brexit, relates to the enforceability of UK court judgements in countries which are part of the EU.