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Insurance – Law

Stay up to date with the latest in Insurance – Law— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.

International sanctions: implications for shipbrokers

16 Jul, 2025
As of February 2025, shipowners in the Western hemisphere have reportedly earned over US$6.3 billion from the sale of aging tankers, many of which have eventually joined the so-called “shadow fleet.” Such vessels are often used to circumven...
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UK warns over network allegedly utilising over 100 shadow-fleet tankers | Maritime Insurance news

10 Jul, 2025
UK has issued a red alert to Western banks, insurance and the professional service industry, to raise awareness over an oil trading network of companies suspected of utilising over 100 shadow fleet oil tankers. The leading companies of this...
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Norton Rose Fulbright advises Yinson Production on world’s largest FPSO project bond to date

10 Jul, 2025
Global law firm Norton Rose Fulbright has advised Singapore-headquartered Yinson Production on the placement of USD 1.168 billion 144A/Reg S senior secured notes issued by Yinson Bergenia Production B.V., to refinance the floating productio...
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Reed Smith survey reveals rising customs enforcement in key sectors across Europe & the Middle East

09 Jul, 2025
Global law firm Reed Smith has conducted a survey exploring customs enforcement activity and emerging trends across 21 countries in Europe and the Middle East (EME). The survey gathered insights from senior trade lawyers at 19 law firms bas...
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Yacht broker reimbursed after became victim of a costly phishing scam | Maritime law news

09 Jul, 2025
A phishing scam targeting a yacht broker during a high-profile Mediterranean charter resulted in a €58,000 loss. The yacht broker, who has been fully reimbursed thanks to the swift intervention of ITIC, was tasked with managing charter hire...
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Trade union federation pushes for ‘warlike’ status in Middle East conflict areas | Maritime Insurance news

08 Jul, 2025
The rising military presence in the Gulf of Oman and the Strait of Hormuz with major maritime insurers classifying these waters as war-risk zones gives seafarers the right to say ‘no’ to these areas without repercussion. The International T...
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Norton Rose Fulbright advises Neptune Maritime on US$95 million fleet expansion

08 Jul, 2025
Global law firm Norton Rose Fulbright has advised ship financing platform Neptune Maritime Leasing (NML), in which Costamare Inc. and Latsco Family Office are lead investors, on the expansion of its portfolio via the sale-and-leaseback refi...
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ICA 2025 amendment: Position clarified, but perhaps an opportunity missed?

05 Jul, 2025
The International Group of P&I Clubs (IG) has announced an update to the Inter-Club New York Produce Exchange Agreement (ICA), with the 2025 amendment (ICA 2025) set to take effect on 14 July 2025. This marks the fourth revision of the ...
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