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A new “Shipmanagers’ Letter of Undertaking” (LoU) is now available on the BIMCO website, together with Explanatory Notes. The LoU sets out shipmanagers’ obligations to lenders financing owners’ purchase of a managed vessel.
Douglas Shoemaker is a Partner of BLANKROME Houston, and member of the Maritime Emergency Response Team (“MERT”). Douglas focuses his practice on complex maritime transactions and litigation. He has over 25 years’ experience advising clients on a wide range maritime law topics, including charter party negotiation and drafting, arbitration, vessel construction and flagging, purchase and sale, and mergers and acquisitions, personal injury, property damage, pollution, onboard investigations, navigational error, Jones Act, stevedoring accidents, cargo damage defense, and general average. He has particular experience in: • Negotiating and drafting complex maritime agreements, including vessel construction, purchase and sale; time, voyage and bareboat charter parties; towage; contracts of affreightment; bills of lading; master services agreements; general terms and conditions; indemnity and insurance provisions • Defending maritime personal injury and property damage cases in state and federal courts • Arbitrations before the Society of Maritime Arbitrators in New York, the London Maritime Arbitrators Association, the Houston Maritime Arbitrators Association, the American Arbitrators Association, and JAMS • Defending and prosecuting maritime seizure proceedings • Insurance defense and coverage • Domestic and international mergers and acquisitions, particularly concerning maritime assets and issues.
Since BIMCO launched the Maritime Law Academy in 2019, it has been a huge success and attended by delegates from all over the world. The academy covers cutting-edge issues of International Maritime Law and its relationship with international trade, shipping and marine insurance. It gives the opportunity for those who attend to acquire and develop legal knowledge with practical and focused legal mindset and insight into the fundamental principles of shipping and trade law. The BIMCO Maritime Law Academy offers the participants a learning resource in constructing legal arguments, which can be applied in professional situations and aims to solve problems and reduce disputes. A core competence is clear and precise communication. Part of the course is therefore to train the skill of building precise arguments, with roots in English law. The learning experience is enriched through case studies, forming a key element of the programme. From experience, we know that they add value by developing skills in communicating and defending participants’ viewpoints. Case studies sharpen analytical thinking and assist in developing a tolerance for different views. The various solutions, which naturally emerge from case studies, serve as a valuable reference when faced with similar issues in their daily professional lives. The BIMCO Maritime Law Academy is residential and takes place at Trinity Hall at the University of Cambridge, England. All participants will stay at WYNG Gardens for the duration of the training. The “boot camp” atmosphere is a key aspect of the learning experience.
