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The Baltic and International Maritime Council (BIMCO) has approved 2 new standard sanctions clauses for time and voyage charters to address the Explanatory notes here and here. BIMCO says “the benefit of using the clauses is twofold; They provide the ability to terminate the contract and to claim damages in limited circumstances when the counterparty and/or the third parties listed …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...