| Authors' biographies |
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xi | |
| Foreword |
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xix | |
| Preface |
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xxi | |
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xxiii | |
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xxxv | |
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Part 1 Legal issues relating to ship building |
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Chapter 1 Contracting By Numbers: The Different Characteristics Of The Main Shipbuilding Contracts |
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3 | (21) |
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4 | (6) |
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1.2 Variations between standard forms |
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10 | (13) |
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23 | (1) |
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Chapter 2 The Bimco Newbuildcon Standard Form Shipbuilding Contract: Salient Features And Pitfalls |
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24 | (21) |
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24 | (1) |
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25 | (1) |
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2.3 Part I -- the `box layout' |
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26 | (1) |
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2.4 Part II -- terms and conditions |
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27 | (15) |
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42 | (3) |
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Chapter 3 Remedies For Breach Of Shipbuilding Contracts -- Is English Law `Fit For Purpose'? |
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45 | (11) |
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45 | (1) |
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3.2 Enforcing delivery in a depressed market |
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46 | (6) |
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3.3 Enforcing delivery in an `overheated' market |
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52 | (3) |
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55 | (1) |
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Chapter 4 The Application Of The `Prevention Principle' In The Shipbuilding Context |
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56 | (13) |
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56 | (1) |
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4.2 The traditional categorisation of shipbuilding contracts |
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57 | (3) |
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4.3 The prevention principle: its origins and recent developments |
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60 | (3) |
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4.4 The decision in Adyard |
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63 | (3) |
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4.5 The prevention principle and shipbuilding contracts |
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66 | (3) |
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Chapter 5 Drafting And Interpreting Payment Refund Guarantees In The Shipbuilding Context |
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69 | (11) |
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69 | (1) |
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5.2 Why do problems arise? |
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69 | (1) |
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5.3 The scope of refund guarantees |
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70 | (2) |
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5.4 Nature of guarantor's liability -- primary or secondary obligation? |
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72 | (1) |
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5.5 A comparison between primary and secondary payment obligations |
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73 | (2) |
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5.6 Key guidelines to interpreting refund guarantees |
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75 | (1) |
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5.7 Drafting refund guarantees -- some key provisions |
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76 | (4) |
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Chapter 6 The Evolving Nature Of Builders' Risks Cover |
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80 | (21) |
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80 | (3) |
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6.2 Changes introduced by the Mar CAR 2007 - problematic aspects of the ICBR 1988 |
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83 | (7) |
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6.3 Problematic aspects of the Mar CAR 2007 |
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90 | (7) |
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97 | (4) |
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Part 2 Ship sale contracts and practice |
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Chapter 7 Battle Of The Sale Forms |
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101 | (11) |
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101 | (2) |
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7.2 Factors supporting the development of a global and uniform approach to ship sales |
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103 | (4) |
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7.3 Substantial differences in the approach adopted by different sale forms -- a case study on the treatment of deposit |
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107 | (3) |
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110 | (2) |
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Chapter 8 `as Is' As You Were? The Union Power And `As Is' Provisions In Ship Sale And Purchase Contracts |
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112 | (23) |
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8.1 Introduction: standard form contracts and English law |
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112 | (3) |
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8.2 The approach to `as is' clauses under the Sale of Goods Act |
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115 | (6) |
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8.3 The decision in The Union Power |
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121 | (3) |
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8.4 The meaning of `as is' |
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124 | (9) |
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133 | (2) |
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Chapter 9 The Practicalities Of Ship Sales In The Current Market |
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135 | (14) |
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135 | (1) |
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135 | (1) |
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9.3 Pre-contractual negotiations |
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136 | (1) |
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137 | (2) |
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9.5 What can be done if enquiries reveal an issue? |
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139 | (1) |
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9.6 The memorandum of agreement |
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140 | (1) |
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141 | (1) |
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142 | (1) |
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143 | (2) |
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9.10 Payment of the balance of the purchase price |
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145 | (4) |
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Part 3 Legal and practical issues relating to ship finance |
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Chapter 10 Ship Mortgagees: Enforcement And Remedies |
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149 | (21) |
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10.1 Introduction: in what circumstances do ship mortgagees arrest ships? |
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149 | (2) |
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10.2 The use of self-help remedies |
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151 | (1) |
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10.3 The procedural advantages offered by English and common law jurisdiction for arrest and sale |
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151 | (5) |
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10.4 The position of the mortgagee towards cargo interests |
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156 | (6) |
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10.5 The cost of a judicial sale |
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162 | (2) |
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10.6 The increasing use of international insolvency procedures |
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164 | (3) |
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10.7 EU Insolvency Regulation, Article 5(1) |
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167 | (3) |
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Chapter 11 Mortgagees' Interest Insurance |
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170 | (18) |
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170 | (1) |
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11.2 The mortgagee's insurable interest and its valuation |
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171 | (1) |
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11.3 The mortgagee's participation in the shipowner's policy |
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172 | (7) |
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11.4 Mortgagees' interest policies |
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179 | (3) |
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182 | (5) |
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187 | (1) |
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Chapter 12 Lease Finance And Demise Charters -- Lessors' Risks And Liabilities |
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188 | (24) |
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188 | (1) |
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189 | (15) |
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12.3 Owners' remedies for charterers' default |
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204 | (8) |
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Chapter 13 Financing Newbuilding Vessels And Barecon 2001: A Fair Deal? |
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212 | (29) |
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13.1 Introduction: setting the scene |
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212 | (3) |
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215 | (11) |
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226 | (8) |
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13.4 Hire/purchase agreement |
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234 | (4) |
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238 | (3) |
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Chapter 14 Shipping Finance And Sanctions |
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241 | (18) |
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241 | (4) |
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14.2 Some background on sanctions and shipping |
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245 | (8) |
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14.3 The shipping and finance industry's response to sanctions |
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253 | (3) |
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14.4 The judicial approach so far -- and the future |
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256 | (3) |
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Chapter 15 Using Derivatives To Finance Ship Sales And Shipbuilding: A Civil Law Perspective |
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259 | (10) |
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259 | (2) |
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15.2 A civil law analysis of the legal nature and a categorisation of shipping derivatives |
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261 | (2) |
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15.3 A civil law analysis of the risks created by shipping derivatives |
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263 | (6) |
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Appendix 1 BIMCO NEWBUILDCON |
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269 | (48) |
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Appendix 2 China Maritime Arbitration Commission Standard Newbuilding Contract (Shanghai Form) |
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317 | (46) |
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363 | (11) |
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Appendix 4 Singapore Ship Sale Form |
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374 | (8) |
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Appendix 5 BIMCO Standard Bareboat Charter `BARECON 2001' |
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382 | (13) |
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Appendix 6 Institute Clauses for Builders' Risks 1988 |
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395 | (12) |
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Appendix 7 London Marine Construction All Risks Wording 2007 |
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407 | (69) |
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Appendix 8 Institute Mortgagees' Interest Clauses 1997 |
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476 | (7) |
| Index |
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483 | |