Marine and international trade
Advising shipowners on a claim for damage to an LPG cargo and consequential delays in discharge and cargo loss claims.
Assisting a listed offshore operator in arbitration proceedings for their claims for unpaid charter hire against an Egyptian charter, in excess of US$5 million.
Advising Panalpina World Transport Ltd on a claim by PSS Consultants Pte Ltd for consultancy fee pursuant to an alleged agreement worth over US$1.4 million. PSS Consultants claim that there was an agreement by which Panalpina had agreed to pay commissions for assistance in securing a deal with Modec group of companies.
Acting on a 20 year Contract of Affreightment for shipowner clients with the operators of a power plant in India for the carriage of coal from Indonesia to India.
Helping world's 2nd largest container leasing company with their recovery efforts of leased containers, dues and demurrage in India, Vietnam, Iran, Singapore, Malaysia and elsewhere.
Drafting charter clauses and dealing with contamination, short delivery and other related issues with regards to LNG and LPG cargoes.
More: Marine and international trade
Shipbuilding and offshore construction
Acting for the buyers under various shipbuilding contracts with Chinese shipyards. The disputes involves rescission of the contract, claims for return of installments, claims on refund guarantees, issues on delays, design responsibilities and construction milestones.
Assisting a global shipping and logistics company on negotiating a US$1.2 billion shipbuilding contract for ten container ships from one of the world's largest shipbuilders.
Acting for offshore platform owner on a shipbuilding dispute with international yard for repair costs and defects which include numerous construction and delivery issues requiring extensive rework of the vessel. Dispute involves complex factual issues regarding paint specifications and the manner in which it was applied, fire damage incidents and late delivery.
Acting for a multi-national owner in claiming rescission of a shipbuilding contract for delays in delivery, dealing with claims on refund guarantees against a Chinese shipyard.
Advising and assisting on extension of time and additional works claims on the delays in delivery of an FPSO by a major shipbuilding client to an oil major client.
Assisting a global shipping and logistics company on a US$1.2 billion shipbuilding contract for ten container ships from one of the world's largest shipbuilders.
Negotiating and/or restructuring day work contracts and Supply Time Charters for various oil and gas owners and operators.
Acting for shipowners in a claim for contamination of cargo.
More: Shipbuilding and offshore construction
Marine casualty response
Advising an oil major and its insurers on the issues and claims arising out of the collision between the chartered vessel and a jetty and pipeline at a wharf operated by an affiliate in North Asia with oil pollution, property damage and business interruption claims in excess of US$170 million.
Representing shipowners in a collision with an Indonesian ferry with resulting in significant loss of life and property. Dealt with all aspects of the matter, including compensation to various parties involved, dealing with local authorities, Indonesian civil and criminal proceedings and extraction of vessel from local arrest.
Representing Norwegian shipowners in a collision case involving seismic survey cables and a Chinese container vessel in the Bohai Gulf in China.
Representing Singapore shipowners in a collision claim between a dumb barge and a Malaysian container vessel.
Assisting Singapore shipowners on a claim arising from a collision with a jetty in Vietnam.
Assisting hull insurers on a grounding of a product tanker on a beach off Surabaya.
Restructuring and insolvency
Acting on various issues arising out of the Hanjin rehabilitation proceedings in Korea and elsewhere, including acting for lenders, mortgagees, shipowners, freight forwarders and cargo owners on a multitude of issues such as enforcement of securities, transhipment and delivery of cargoes, termination of charters, settlement of bunker claims, etc.
Acting on various finances granted by DVB Group Merchant Bank (Asia) Ltd to various vessel owning companies operating under the Pan Ocean banner following the application by Pan Ocean for rehabilitation in the Korean courts. This involved complex issues requiring careful consideration resulting in the sale/taking back of certain vessels and remains on-going.
Assisting a European bank and related entities in recovering assets and vessels stuck in different jurisdictions when the charterers filed for insolvency protection in Indonesia and Singapore.
Advising various creditors of Swiber after Swiber collapsed and applied first for winding up and then judicial management this year.
Prior to the collapse, Swiber (with the other subsidiaries) was a world-class integrated offshore construction and support services provider for oil and gas development with 51 vessels (comprising 38 offshore vessels and 13 construction vessels).
Now that Swiber is in judicial management, the firm is advising both banks and other creditors on how best to protect their interests, including recovering abandoned assets and security and/or proceeding with various contractual arrangements but on a restructured basis in respect of the ONGC projects in India worth US$800 million.
Advising various creditors of Swissco, including lenders and joint venture partners, since Swissco started facing signs of trouble in the declining oil & gas market. Swissco is an integrated, international oil and gas service provider, and a listed company on SGX. Swissco provides drilling rigs, accommodation jackups and vessel chartering services, across Southeast Asia, Latin America and the Middle East. Swissco first announced that it was unable to pay on its bond issues and then on 14 November that it would be filing for interim judicial management.
Our team anticipated the judicial management application well in advance and have been alerting and advising clients on how best to protect their interests, which include the quick seizure of assets and the arrangement of orderly sales. The debts involved are in the millions. Through the Stephenson Harwood (Singapore) Alliance, the team was able to provide both English and Singapore law advice in advising their clients.
More: Restructuring and insolvency