
Protection Against Ship Arrests: Steps to Take
When it comes to the shipping industry, there are many risks. One of those risks is ship arrest and seizure. If you are not aware, a Singapore ship arrest occurs when the courts have detained a vessel due to debts owed on its cargo or charter party obligations.
If you are a shipowner, you should be aware of the risks associated with ship arrest. A ship arrest occurs when another party takes possession of your vessel to secure payment for money owed or other obligations.
This post will discuss how to avoid being arrested and steps that can be taken if an arrest has already occurred. It's important to consider these considerations before deciding on what port to visit!
- There are a few things you can do to protect your ship from potential arrest.
- First, always keep up to date on the...