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Maritime Transport Contract Terms Vessels

Holland & Knight LLP

BIMCO's New USTR Clause for Time Charter Parties 2025: Key Takeaways for Owners and Charterers

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The Baltic and International Maritime Council (BIMCO) on July 22, 2025, published a standard clause for time charter parties to address contractual uncertainties arising from the U.S. Trade Representative's (USTR) recent...more

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FMC Proposes Eliminating Requirement for Vessel Operators to Publish Essential Terms

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The Federal Maritime Commission (FMC) voted in a closed session on Sept. 26, 2019, to eliminate the requirement for vessel operators to publish essential terms of their service contracts. The decision is a response to a...more

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Second Circuit Confirms Physical Suppliers Don't Have Maritime Liens - Bank's Liens Still in Dispute in O.W. Bunker Case

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• In the legal battle of competing maritime lien claims against vessels whose charterers contracted with O.W. Bunker & Trading A/S or its affiliates in October-November 2014, an important decision was issued this week by the...more

Vedder Price

Global Transportation Finance Newsletter - June 2017

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So, what is LIBOR? LIBOR—the London Interbank Offered Rate—is one of the most ubiquitous benchmarks for determining short-term interest rates in bank (and other) lending. LIBOR rates are short-term fixed rates quoted for...more

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O.W. Bunker: Some Modest Considerations

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Vessels cannot sail without fuel. This industry truth is recognized in contracts and under U.S. maritime law. In fact, enabling ship operators to efficiently obtain fuel is so important that U.S. maritime law purports to...more

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