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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…
Read moreEconomic 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…
Read moreImpact 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…
Read moreWarranties 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.…
Read moreLAW 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…
Read moreAN 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…
Read moreLimitation 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…
Read moreСердце Залива - Бахрейн «Стартап – это компания, которая не знает, что она продает, кто ее клиенты и как зарабатывать деньги». Центральное расположение в регионе Персидского Залива, стабильный экономический климат, атмосфера, благоприятная для бизнеса, современные технологии и исключительные возможности для бизнеса – достаточные аргументы для убеждения инвестора вложиться в стартап. Бахрейн…
Read moreCLAIMING 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…
Read moreMr. 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…
Read moreДилемма OW Bunker Кто должен платить, когда поставщик топлива становится неплатежеспособным. 1. Введение Распад компании OW Bunker (the OW) широко освещался по всему миру. OW был одним из крупнейших в мире поставщиков бункерного топлива, подавший на банкротство в 2014 году. Финансовый крах OW имеет далеко идущие последствия для судовладельцев. Это…
Read moreMaritime trade has been carried out since ages and it remains to be backbone of world economy by hauling around 80 to 90% of world trade. UAE being the place in between Asia and Europe has been natural port. UAE is bordering the Gulf of Oman and the Persian(Arabic) Gulf,…
Read more1. 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 cannot be controlled by the parties). The Law expressly…
Read moreпредисловие Путешествия и перевозки морским путем – один из наиболее ранних способов торговли. Разрешения споров касательно морской торговли отмечены в истории раньше, чем какие либо другие. Морское право претерпело значительные изменения с тех пор. Хотя каждая страна имеет свое собственное законодательство, регулирующее морские вопросы, крайне важно отметить, что значительная часть…
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