In The Falkonera, the Commercial Court and the Court of Appeal considered the circumstances in which the owner of a Very Large Crude Carrier might reasonably withhold approval of a proposed ship-to-ship (STS) transfer with another VLCC. This seminar considers the implications of that case, and addresses the wider legal and practical issues associated with STS transfers.
The issues for discussion include:
– The decisions in The Falkonera;
– Points to consider when drafting STS clauses;
– The practical risks associated with STS transfers;
– Mitigation of those risks.