Managing Sanctions Risk in Maritime Deals
With sanctions increasingly targeting the maritime industries, Constance Leong and Jessica Cheung outline key practical challenges and contractual mechanisms to mitigate legal risk in ship finance, chartering and vessel sale and purchase.
They highlight how evolving and overlapping sanctions regimes can affect financing, insurance, vessel S&P and cargo trades, and why carefully drafted sanctions clauses – including clear allocation of enforcement risk, ownership/control triggers and alternative payment mechanisms – are now essential.
The English decisions in Havila Kystruten and Gravelor Shipping underscore the importance of robust sanctions wording and a pragmatic approach to performance where counterparties become sanctioned.
Read the full analysis here: https://www.manifoldtimes.com/news/helmsman-legal-perspectives-on-navigating-sanction-risks-in-maritime-deals/
For further enquiries, please contact:
Constance Leong at constance.leong@helmsmanlaw.com
Jessica Cheung at jessica.cheung@helmsmanlaw.com
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