Piracy and the zero incentive approach
Shipping and Trade Law, 12, (3), .
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With all the information available on Somali piracy and the sheer number of captures in and around the Gulf of Aden, it seems unthinkable that shipowners would send out a vessel without appropriate counter-measures, or indeed a properly trained crew. However, a brief look at recent decisions and contractual limitations suggests that there is little incentive to implement what the UN et al recommend as ‘best practice’ whilst sailing through the transit corridor.
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