In the Bunker(s) | Case by Case (Ep. 64)
Case by Case – episode 64: In the Bunker(s)
What are bunkers? Fuel on ships. You know when you hire a rental car and it comes with a full tank… and you need to choose whether to give the car back with a full tank (having filled up yourself) or you pay the top up amount at the rental company’s price? Well, we are talking about something similar here. Ships don’t usually get delivered, or redelivered, on time charters with full tanks. But how do you deal with the bunkers? Here we look at what formula should apply to work out how much the charterers (ie. the renters) need to pay the owners (ie. the rental company) for the fuel on redelivery. It’s a neat one that deals with when charterers redeliver too much ! Remember the price of fuel fluctuates regularly and we’re not talking about the mere cost of filling up a car…
Citation is LMLN London Arbitration 3/23.
MEPs will vote on the reform of the EU’s Emissions Trading System in the plenary session on the 17-20 April
The EU Emissions Trading System (ETS) was introduced in 2005. It is the foundation of the EU’s policy to combat climate change and is a key tool for cost-effectively working towards a reduction in greenhouse gas emissions.
ZFZ Welcomes Jonathan Webb
We are delighted to announce the arrival of Jonathan Webb, who has joined ZFZ as a Partner in London.
Lisa Beisteiner-Matz Contributes to Die Zeit Article on Austrian Gas Supplies
The German DIE ZEIT & ZEIT ONLINE published an article discussing Austria’s current gas sourcing, being still highly dependent on Russian supply.
Eva-Maria Mayer & Philip Vagin Promoted to Senior Associate
📢 Wonderful news announcement x2:
We are proud to share that Eva-Maria Mayer and Philip Vagin have both been promoted to Senior Associate with our firm!