Author Archives: Site Administrator
The Legal Quagmire of “Relaxed” Sanctions Against Iran
Firm Principal Steve Simms recently explained in an article for Bunkerspot that although the US government removed some sanctions against Iran on January, 16, 2016, there remain some obstacles and concerns for companies interested in doing business with Iran. The US policy regarding sanctions against Iran is made intentionally unclear. The policy keeps those… Read More »
Not in Kansas Anymore
Steve Simms, Principal of Simms Showers LLP, recently published an article in Bunker Bulletin detailing the likely changes to be seen in the bunkering industry in the wake of the OW collapse. Since the announcement of the OW insolvency in November 2014, the landscape of the bunkering world has certainly changed. There are currently… Read More »
Bunkerspot: An Equitable Share
In the post-OW-collapse world, vessel owners and charterer customers are now understandably more wary to deal with brokers and traders, who they believe might not pay physical suppliers who will, in turn, arrest their vessels. Thus, physical suppliers are now tasked with developing credit facilities and analysis as more vessel owners and charterers will… Read More »
J. Stephen Simms Selected As Leading International Shipping Lawyer
Firm Principal J. Stephen Simms has been nominated and selected as one of the world’s leading shipping legal practitioners, in Who’s Who Legal: Transport 2016. Since 1996 Who’s Who Legal has identified the foremost legal practitioners in business law based upon comprehensive, independent research. Nominees have been selected based upon comprehensive, independent survey work… Read More »
Comparing Notes: OW Issues from ARACON Conference in Rotterdam
In a recent article for the shipping industry magazine Bunkerspot, firm Principal J. Stephen Simms synthesizes the legal issues relating to bunker supply contracts which were discussed at the ARACON conference in October, organized by Petrospot. Mr. Simms provides an edited version of the exchange between three lawyers with in-depth knowledge of the OW… Read More »
Direction of Travel: MARPOL VI Regulations
In a recent article for the shipping industry magazine Bunkerspot, firm Principal J. Stephen Simms explains that using ISO 8217 specifications along with MARPOL VI regulations in sales terms and conditions can be problematic for bunker suppliers. In the post-January 2015 landscape, the ISO 8217:2012 and MARPOL Annex VI requirements do not quite match… Read More »
Bunkerworld: US OW entities reach deals with creditors
Chief US Bankruptcy Judge has approved several OW-US dealsUnni Einemo, Bunkerworld, 20th November 2015 Several US-based companies have reached settlements with the US subsidiaries of bankrupt Danish bunkering giant OW Bunker and look set to get paid in January next year, Platts Bunkerworld has learned. Chief US Bankruptcy Judge for Connecticut Julie Manning has… Read More »
J. Stephen Simms Quoted in Tradewinds Regarding APL Settlement
Firm Principal J. Stephen Simms was quoted in an October 28th article for Tradewinds, regarding the implications of a recent false claims act settlement. Read the article below, or view a full PDF of the article here. APL strikes $9.8m False Claims Act settlement US announces civil penalty but says liner operator does not… Read More »
All in the Detail
In a recent article for the shipping industry magazine Bunkerspot, firm Principal J. Stephen Simms analyzes the fallout of the OW collapse and summarizes the status of current court proceedings surrounding the competing claims. Well-incorporated strategic sales terms and conditions for physical suppliers are proving themselves extremely valuable in advancing suppliers’ rights to recovery…. Read More »
The Final Countdown: Will Shipping Play by the Rules?
In a recent article for the shipping industry magazine Bunkerspot, firm Principal J. Stephen Simms analyzes the responsibility of marine fuel suppliers to affirmatively engage to assure that the fuel that they sell is MARPOL compliant. Suppliers should be aware that attempts to impose the duty entirely on their customers to ensure that the… Read More »
