Floating charges

Malkin, Brendan
February 2005
Lawyer;2/28/2005, Vol. 19 Issue 8, p10
Trade Publication
This article presents information related to Protection & Indemnity (P&I) clubs that are one of the Great Britain's oldest mutual insurance businesses. In the wake of the global terrorism threat, vessels are frequently stopped and searched and state patrols look for suspicious cargoes. Other options include, in the case of an arrested ship, negotiating for it to be released as early as possible, or suing the government responsible for stopping a ship. This can lead to at best ships being stopped and delayed and at worst arrested and kept out of circulation for many weeks, or even indefinitely.


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