Danh mục: Resource

Introduction Shipping and Maritime Law plays a crucial role in global trade, impacting every product that is moved across oceans. With the vastness of oceanic transactions, disputes are inevitable. These disputes can be tedious, costly, and damaging if not handled efficiently. This is where Alternative Dispute Resolution (ADR) comes into play, offering a more streamlined… Continue reading Weighing the Pros and Cons of Alternative Dispute Resolution Methods in Shipping and Maritime Law

The Importance of Charter Parties in International Trade The surge in international trade magnifies the role of robust vessels in transporting goods. While shipping stands out as an optimal choice for transporting delicate items like gas and petroleum, owning a vessel can be financially challenging. Therefore, businesses prefer chartering ships over owning them. What is… Continue reading Understanding Charter Parties and Their Termination in Modern Shipping

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

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

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

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

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