Legal Update: Establishing a Limitation Fund Recent developments in Singapore and the UAE
The increasing willingness by jurisdictions to accept P&I Clubs’ LOUs to constitute limitation funds is a welcome trend for shipowners and P&I Clubs.
The practical advantages of using a P&I Club’s LOU as opposed to making a cash payment into Court are that it is a much quicker and considerably less expensive way to establish a limitation fund, without having to tie up cash reserves in court.
Find out more on this topic by reading our Legal Update attached above.
In 1914, a single ship passed through the Panama Canal to little fanefare bringing to fruition a multinational effort that began 44 years prior, this article looks at the brief history of the canal and some claims considerations.
In the second episode of the UK Club ask an expert series focusing on ballast water the topic of Type Approval US Vs IMO, old G8 Vs BWM Code – Limitations of the Type Approval is examined with Dr Li Gang from SGS.
