Tag Archives: Maritime Law
Don’t Demur on Demurrage
In April-May 2017’s Bunkerspot Magazine, firm Principal Steve Simms addresses some of the details of demurrage situations that bunker buyers, sellers and brokers often face and understanding the operation of demurrage in bunker purchases and deliveries. Most bunker deliveries involve bunker barges or tankers, or deliveries to or from bunkering piers. Bunker barge and… Read More »
Effective Chapter 15 Strategies for Marine Equipment Lessors and Maritime Lien Creditors
Most of the significant maritime bankruptcies of the last five years, including Hanjin and OW Bunkers, have utilized Chapter 15 of the United States Bankruptcy Code. Debtors have filed insolvency proceedings outside of the U.S., and then used Chapter 15 to assist those proceedings. Frequently, however, U.S. Bankruptcy Courts in Chapter 15 cases have… Read More »
OW Bunker Series: OW’s U.S. Entities File for Chapter 11
OW Bunker’s three U.S. entities (OW Bunker Holding, OW Bunker USA, and OW Bunker North America) filed for Chapter 11 bankruptcy protection yesterday (November 13) in the United States Bankruptcy Court for the District of Connecticut. The actual petitions can be downloaded here: OW Bunker Holding, OW Bunker USA, OW Bunker North America. The… Read More »
OW Bunker Series: Dealing With the Collapse of OW Bunker
A recent TradeWinds article (available here in PDF format) discusses the race by bunker suppliers to get in front the rapidly evolving bankruptcy of OW Bunker. If you are an actual or potential creditor of OW Bunker or any of its subsidiaries around the globe, contact Steve Simms for assistance.
Cyber Crime in the Bunker Industry
Firm Principal J. Stephen Simms discusses the growing threat of cyber crime to the bunker industry and its financial implications in a recently published Bunkerspot article.
