Arrest of vessel: security or more than security?
Arrest of vessel: security or more than security?
After the arrest of a vessel, a hive of activity ensues as owners strive to agree upon the type and wording of the letter of indemnity with the cargo receivers for the release of the vessel within the shortest possible time. Having seen the owners under this significant financial pressure, arrest could be perceived by the cargo receivers as more than just a conservatory measure. Nevertheless, it has now been made clear that arrest cannot be used to force owners to avoid exclusive jurisdiction or arbitration clauses in their contracts of carriage.
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Ozdel, Melis
6b78d670-c374-4052-9253-2eac985760b7
3 March 2009
Ozdel, Melis
6b78d670-c374-4052-9253-2eac985760b7
Ozdel, Melis
(2009)
Arrest of vessel: security or more than security?
Shipping & Trade Law, 9 (2), .
Abstract
After the arrest of a vessel, a hive of activity ensues as owners strive to agree upon the type and wording of the letter of indemnity with the cargo receivers for the release of the vessel within the shortest possible time. Having seen the owners under this significant financial pressure, arrest could be perceived by the cargo receivers as more than just a conservatory measure. Nevertheless, it has now been made clear that arrest cannot be used to force owners to avoid exclusive jurisdiction or arbitration clauses in their contracts of carriage.
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Published date: 3 March 2009
Identifiers
Local EPrints ID: 150675
URI: http://eprints.soton.ac.uk/id/eprint/150675
ISSN: 1471-9614
PURE UUID: 6ca466e4-48ca-48f0-a641-4776b18a5e8a
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Date deposited: 07 May 2010 10:13
Last modified: 10 Dec 2021 18:01
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Author:
Melis Ozdel
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