Singapore: Transport

The Singapore High Court's decision in Aquilo Shipping Inc v SRTT Marine Trading & Services Pte Ltd examines the scope of the indemnity clause in the Norwegian Saleform 2012, determining whether sellers must proactively furnish security to release arrested vessels or merely reimburse buyers after they have paid.

When vessels face war risks or operational hindrances, maritime contracts provide different protective mechanisms through VOYWAR/CONWARTIME clauses and bill of lading hindrance provisions. This analysis examines how these contractual tools operate in distinct spheres, bind different parties, and offer varying levels of protection when vessels cannot safely reach their destinations.

The Singapore Court of Appeal's landmark decision in Argoglobal Underwriting v OCBC [2026] SGCA 14 examines the stringent evidentiary requirements for marine insurance claims following the capsize of the jackup rig "TERAS LYZA." The ruling clarifies when insureds can invoke the presumption of loss by perils of the seas and establishes critical standards for proving Constructive Total Loss claims. This case serves as essential guidance on the burden of proof, the preservation of evidence, and the admissibili