April 2024

The “Jeil Crystal” [2024]
💡The “Jeil Crystal” [2024] [2024] SGHC 74 [Singapore] Type of Case: Issuer sued Vessel Owner for misdelivery; Vessel Owner alleged

Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?
At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor. Does this constitute a force majeure event?

Vessel Due Diligence: The Major Sanctions Risks FIs Face
FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.


LC Stats: Comparing 4Q 2019 to 4Q 2023 for US Banks
Charting 4 years of issuance for the top 50 US-based LC banks. See who moved into the top 50, and how things have shifted from pre to post Covid.