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Traditionally, English law does not recognise a general duty of good faith applicable to contracts (with certain limited exceptions, such as insurance contracts).
A recent judgment highlights the importance of obtaining any indemnities/guarantees on a back-to-back basis throughout the charterparty chain.
The Maritime Labour Convention (MLC) will enter into force internationally on 20 August 2013.
Ince & Co has published the April 2013 edition of its International Trade and Commodities Legal Update.