In our latter two articles we look at the steps a party can take when its counter-party is in financial difficulty. The first article focuses on the CLIPPER MONARCH, in which time charterers who had not been paid freight and demurrage sought to exercise their rights to lien and sell the cargo, and then to have the proceeds of sale released to them. Our final article provides an overview of the various practical measures that an owner can take if his time charterer stops paying hire.
Should you require any further information or assistance with any of the issues dealt with here, please do not hesitate to contact any of the contributors to this bulletin, or your usual contact at HFW.
Our shipping lawyers provide a comprehensive service to the global maritime business community. We have over 200 lawyers and 13 Master Mariners worldwide, specialising in maritime law, reflecting our long involvement in this field. » Read more
Our specialist travel, cruise and leisure lawyers provide multidisciplinary expertise in shipping, aviation, travel law, regulatory compliance, company/commercial matters, dispute resolution, health & safety, crisis management, IT/IP and data protection. » Read more
Whilst every care has been taken to ensure the accuracy of this information at the time of publication, the information is intended as guidance only. It should not be considered as legal advice.
Holman Fenwick Willan LLP is the Data Controller for any data that it holds about you. To correct your personal details or change your mailing preferences please use the links provided or contact Craig Martin on +44 (0)20 7264 8109 or at email@example.com.