Arresting Vessels for Security Early Contract and Charterparty Review (Part 9 of Economic Crisis Series)
How to deal with an economic crisis? A guide for international businesses. Today’s talk: Vessel arrests. Part 9 of our series on the tools and strategies that international companies can use to protect and mitigate their positions in the current climate. One sector our firm focuses on is the international trade and shipping sector. If you have a claim or lien against a ship or its owner, then you need to know about vessel arrests. Luke Zadkovich explains key factors involved. In this particular talk, we approach the topic primarily from the perspective of the arresting party. Typically that will be for charterers, cargo owners or third party interests (bunker suppliers, ports and terminals, crew, agents, service companies, and provision suppliers), although it could be shipowners that have chartered in tonnage to perform TBN business and are looking to the head owners for recovery. We also have extensive experience acting for shipowners and their P&I Clubs in defending vessel arrests. Our vast experience arresting ships certainly comes in useful when defending them. All participants in the maritime industry will gain from a refresher on ship arrests in the current climate. All participants in the maritime industry will gain from a refresher on ship arrests in this crisis. For further details, please contact Luke Zadkovich.