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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