Piracy and transactions

During the course of business, it is very important for and also is duty of a shipowner or charterer to consider a number of commercial and practical issues when ordering the vessel to transit risky areas such as insurance implications, piracy clause in the charterparties, duty of care to crew… as well as how to respond if your ship falls prey to pirates. The priority will be to have the vessel and crew released and if a payment is involved how to recover the cost.

For more details, please contact us.