Shipping & Transport, United Arab Emirates updates

OW Bunker update: shifting approach to bunker suppliers' claims?
  • United Arab Emirates
  • August 10 2016

In the wake of the OW Bunker insolvency in late 2014, shipowners have found themselves at risk of double payment demands and numerous vessels have been arrested, forcing shipowners to pay physical suppliers even if they had already paid. A recent judgment has now accepted an appeal by the owners based on the principle of relativity of contracts. However, it is unclear what the decision will mean for future arrest applications.

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