Within the marine market, Preston Turnbull acts for clients across the supply chain including suppliers, traders, buyers/users (owners and charterers), liability insurers, credit insurers, banks and P&I/FD&D insurers. We also act for clients across the fuel supply chain in the aviation and land transportation market.
Our clients instruct us in relation to the following:
Advisory:
- Supply contracts (including terms and conditions)
- Storage contracts
- ‘Scrubber’ contracts
- Charterparty clauses
- Regulatory advice
- Coverage advice
- Marine energy transition advice
Our recent experience includes:
- Advising shipowners, charterers, bunker traders and suppliers in relation to ‘future fuels’ and the move towards zero carbon
- Advising shipowners on the retrofitting of 'scrubbers' and preparing for IMO 2020.
- Drafting and negotiating charterparty scrubber fuel profit sharing clauses
- Advising on the impact of recent amendments to Marpol on charterparty obligations
- Advising on coverage issues for the secondary insurance market in relation to the handling of global credit insurance claims following the collapse of OW
- Drafting and negotiating supplier, trader and buyer terms and conditions and supply contracts
- Advising a major supplier on the implementation of new LNG supply infrastructure
Disputes:
- Quantity disputes
- Quality disputes
- Non-payment disputes
- Charterparty disputes
- Delay and demurrage claims
- Storage and supply disputes
- Debt recovery
- Coverage disputes
- Environmental/pollution claims
Our recent experience includes:
- The Columbus & The Vasco da Gama [2020] and [2021] - achieving a significant recovery for bunker suppliers for unpaid bunkers following the collapse of CMV/Global Cruises
- Acting for buyers, traders and suppliers in relation to fuel quality disputes following the transition to low-sulphur fuel in 2021.
- Acting for an international fuel supplier in relation to a significant vessel casualty involving engine problems.
- Successfully acting for major fuel and lubricant suppliers and their credit insurers in the recovery of unpaid debts following the collapse of Hanjin.
- Successfully acting for Bunker Suppliers in the recovery of unpaid debts following the collapse of OW Bunkers.
- Aria Inc v Credit Agricole [2014] - Obtaining an injunction on behalf of Owners, their P&I Club, and Charterers' Administrator, preventing a bank from making a payment under a guarantee given following a ship arrest.
- Acting for suppliers, traders, charterers and owners in numerous arbitrations involving issues relating to marine fuel
Industry Profile and thought leadership
- Preston Turnbull regularly delivers legal education to the bunker market and contributes to thought leadership in the industry.
- Preston Turnbull is a member of IBIA
- A member of our team was appointed as a member and legal advisor to the BIMCO sub-committee on the revision of the Bimco Bunker Terms.
- Preston Turnbull is actively involved in supporting its clients in the move to zero carbon
