Marine P&I insurance is essential for shipowners, as it safeguards them from liability risks encountered at sea. This specialized insurance coverage ensures shipowners can navigate the complex legal landscape with peace of mind, providing protection for their website, clubs, visitors, and users. One of the key benefits of marine P&I insurance is its comprehensive coverage… Continue reading Overview of Marine Protection & Indemnity Insurance
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Get to know the definition of Protection and Indemnity (P&I) Insurance
Gain a comprehensive understanding of insurance and P&Is, their benefits Understanding insurance and P&Is isn’t just for the bigwigs; it’s crucial for businesses of all sizes. Insurers, underwriters, and brokers hold the keys to peace of mind when disaster strikes. With their help, insured businesses can navigate the murky waters of personal injury claims and… Continue reading Get to know the definition of Protection and Indemnity (P&I) Insurance
NAVIGATING CARGO CLAIMS AT LOCAL VIETNAMESE COURTS
Cargo claim Cargo is the driving force of the whole shipping sector, as the trading of goods by sea carriage dating to the founding days of shipping history. And until now, carriage of goods by sea has never ceased to be one of the most effective methods for global trading and commercial activities. Unfortunately, along… Continue reading NAVIGATING CARGO CLAIMS AT LOCAL VIETNAMESE COURTS
CHARTERING AND DISPUTES – CONCERNS OF ALL THE PARTIES
On continuation of our previous insight on charterparty and termination of charterparty, we now turn to the other common causes of disturbance for both Owners and Charterers during the charter of a vessel. During the term of the charter party, perhaps no one wishes to, but has always anticipated beforehand that there will be time… Continue reading CHARTERING AND DISPUTES – CONCERNS OF ALL THE PARTIES
Enforcement of foreign arbitral award – arduous and fruitful
Recognition and enforcement of arbitral awards in a foreign jurisdiction have always been a daunting task, for both award creditors, and their in-house or servicing lawyers. As a member state of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (“NYC 1958”) since 1995, Vietnam has implemented, incorporated, and internalized… Continue reading Enforcement of foreign arbitral award – arduous and fruitful
Charter Party and unilateral termination of charter party
Nowadays, the rapid growth of international trade has led to the great need for seaworthy vessels to deliver goods for both domestic and foreign customers. Shipping transportation is currently one of the most efficient means of carriage of goods, especially for the special and attention-required goods such as gas, petroleum, or wood. However, owning a… Continue reading Charter Party and unilateral termination of charter party