Singapore: Marine/ Shipping

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Article
A Judicial Review Of The Norwegian Saleform Clause 9 Indemnity Clause: Aquilo Shipping Inc v SRTT Marine Trading & Services Pte Ltd [2026] SGHC 79
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.
Singapore Litigation
JTJB International Lawyers
Article
Scuttled Evidence, Sunk Claims: Argoglobal Underwriting Asia Pacific Pte Ltd V Oversea-Chinese Banking Corp Ltd [2026] SGCA 14
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
Singapore Insurance
JTJB International Lawyers
Article
When Ships Sink, Who Floats First?
When one creditor's money discharges another debtor's liability in a shipping insolvency, can that creditor inherit the discharged lender's security and leapfrog other claimants? The Singapore High Court's decision in Re Da Shun Shipping clarifies the boundaries between equitable subrogation, admiralty priorities, and insolvency restructuring when multiple creditors compete over limited vessel sale proceeds.
Singapore Insolvency
JTJB International Lawyers
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