Shipbuilding contract disputes have frequently occurred since the global shipping market recession in 2008 and we have handled numerous litigations regarding settlement of legal relations due to cancellation/termination of shipbuilding contracts.

Moreover, we have provided legal advice on various disputes: amendment of contracts such as suspension of delivery, appropriation of materials and components to other hulls and hull number alterations.

We have especially been providing numerous legal assistance regarding Refund Guarantee disputes since 2008.

We have accumulated extensive knowledge in English case law (a common governing law of shipbuilding contracts) especially through our strong relationship with renowned English law firms, enabling us to provide legal service of outstanding quality.

Kwon & Co. was recognized for their ample experience in reviewing shipbuilding contracts and ship sale contracts that Korean Commercial Arbitration Board (KCAB) referred translation of English Standard ship sale contract (SALEFORM 1993) and Standard Shipbuilding Contract into Korean.

Kwon & Co. is currently representing one of the major Korean shipping companies regarding the warranty of the shipbuilding contract.

We have reviewed multiple ship finance documents including loan or investment agreement, mortgage agreement, ship sale & purchase, lease, BBCHP and shipbuilding contracts for sellers or buyers to manage various risks in trading vessels under loan or investment.

Kwon & Co. represented Korean Re in the case where a coal bulk carrier crashed into the fire power plant of Korea Southeastern Power that damaged the berth, conveyor and cranes to procure the LOU and proceeded settlement agreement regarding the damages. Kwon & Co. also represented major Korean insurance companies such as Hyundai Marine and Fire, Meritz and DB for various marine insurance cases and received good outcomes.

Kwon & Co. provides in-depth legal opinions based on profound understanding of English marine insurance law by the partners Tae Il Kwon and Suyeon Jung who both finished LLM program in England with merits.

Kwon & Co. reviewed multiple ship finance documents including loan or investment agreement, mortgage agreement, ship sale & purchase, lease, BBCHP and shipbuilding contracts for sellers or buyers to manage various risks in trading vessels under loan or investment. Recently, Kwon & Co. is actively working as the escrow agent which is crucial in ship sales contract from the request of major Korean shipping companies and foreign ship owners.