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Limitation of Liability in Maritime Matters The existence of vessels trade generally includes them in mishaps that result in claims. Personal injury, property damage (such as harm to vessels and beacons on the seashore and coast setups), shipment damage, and other claims may be made. In a broad sense, any…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Impact of COVID-19 on the Shipping and Maritime Industry The outbreak of the infectious disease named as the coronavirus disease (COVID-19) caused by the newly discovered coronavirus has caused chaos and panic all over the world causing the ceasing of all normal daily activities like going to work, a walk…
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Warranties in Marine Insurance: USA It was in the 18th Century that, Lord Mansfield attempted to separate the concept by mentioning that warranties are a part of a policy that is written; however, the representations are created out of a written agreement and can be answered either equally or substantially.…
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Limitation Funds in UAE As with most of the world’s trading countries, the United Arab Emirates (UAE) has embraced international conventions in its national laws which, in certain conditions, allow carriers such as shipowners to confine their liability for claims made against them. Archaeologically, the reason for letting shipowners limit their…
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An Overview of The UN Convention on Contracts For The International Sale of Goods Part II (Provision) CISG in Action With the original signatures of representatives from 62 countries,[i]CISG Convention entered into force in 1998—where, despite its number of signatories, it was only ratified by ten nations. Its original…
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LAW OF SEA “It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always right at the top.” -Hunter S. Thompson As in the movie Life of Pi, where the adventures of the sea help the…
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THE HEART OF GULF – BAHRAIN “A ‘start-up’ is a company that is confused about – what is products, who its customers are and how to make money.” Centrally located in the Gulf, stable economic climate, business-friendly atmosphere, state-of-art technology, and exceptional business opportunities are sufficient to convince an investor…
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CLAIMING DEMURRAGE FOR UNRETURNED CONTAINERS A Case Study Time and tide wait for none. The earliest acknowledged record of this proverb is by St. Marher in 1225; however, the actual origin of this saying cannot be certainly determined. St. Marher had stated that ‘te tide and te time þat tu…
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Mr. DEBT’s hello to Mr. DAMAGE: Case Analysis on Freight Industry Suppose an individual has borrowed a specific sum of money against an asset of a reciprocal value as security. However, the debtor fails to fulfill his obligation; and subsequently, the creditor exercises his lien and disposes of the former’s…
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OW Bunker Dilemma Who to pay when the bunker supplier becomes insolvent 1. Introduction The collapse of OW Bunker group (the OW) has been extensively reported worldwide. OW has been one of the world’s largest bunker suppliers filed for bankruptcy in 2014. The financial collapse of OW has far-reaching consequences…
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Maritime trade has been carried out since ages, and it remains to be the backbone of the world economy by hauling around 80 to 90% of world trade. UAE being the place in between Asia and Europe has been a natural port. UAE is bordering the Gulf of Oman and…
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Crash and Splash - UAE Shipping and Maritime Law 1. What is maritime collision? A maritime collision is when there is physical contact between two vessels. This can be classified as one of three categories: i) fault of one vessel, ii) fault of both vessels, and iii) force majeure (event that…
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Introduction Travel and transport by the sea is the earliest recorded channels of commerce. Dispute resolution that involved maritime trade was developed much earlier in history than any other. Maritime law has undergone significant transformations since then. Though each nation has its own legislation governing maritime matters, it is imperative…
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