Table of Contents
What is seaworthiness and give its importance?
Seaworthiness classifies whether a ship has passed the required tests and safety checks to be able to sail without any mishaps. It determines whether or not the ship has been properly assessed, outfitted and maintained in accordance with admiralty law.
What is the role of P&I Club?
A P&I club is a mutual insurance association that provides risk pooling, information and representation for its members. Unlike a marine insurance company, which reports to its shareholders, a P&I club reports only to its members.
What does shipowner mean?
the owner
: the owner of a ship.
Who is the legal owner of the ship?
– The term ship owner shall mean the owner, charterer, manager and operator of a ship. ship owner means the owner of any vessel to which these Terms and Conditions relate and any part owner, Charterer or master or other person in charge of the vessel, disponent owner, consignee or mortgagee in possession.
What is seaworthiness in maritime law?
In its broadest sense seaworthiness means the fitness of the vessel to encounter the ordinary perils contemplated for the voyage. The term is mainly used in the legal context and is often found in contracts entered into by the Company, e.g. charterparties and bills of lading.
What is the main goal of Imo?
“The mission of the International Maritime Organization (IMO) as a United Nations specialized agency is to promote safe, secure, environmentally sound, efficient and sustainable shipping through cooperation.
What is the purpose of protection and indemnity insurance?
Protection is required for the safe working of seafarers and ships, and indemnity is necessary to compensate for any loss of life, environment and property. P & I club is an association composed of ship owners members to support seafarers’ safety and well being by providing the required necessities.
What does an indemnity insurance cover?
Indemnity insurance protects against claims arising from possible negligence or failure to perform that result in a client’s financial loss or legal entanglement. Indemnity insurance also covers court costs, fees, and settlements in addition to an indemnity claim.
Is shipowner a word?
a person who owns a ship or ships.
Who owns the most ships in the world?
In early 2019, Greece remains the largest owner country with a share of 20.4 % in terms of dwt, now followed by China (14.5 %) and Japan (13.0 %). Together these three countries control almost half of the world merchant fleet’s tonnage.
Can anyone own a ship?
Anyone can become a ship owner – an individual, a company, a bank, a consortium of companies, or other group. Whoever owns a ship wants the ship to be an investment in terms of its ability to earn money by moving cargo, or by carrying passengers, or by providing a service (e.g. tugs or survey ships or oil rigs, etc.)
What is meant by seaworthiness?
: fit or safe for a sea voyage a seaworthy ship.
What are the duties and duties of a shipowner?
The shipowner also has duties such as applying to enter the ship into the register of ships, which he should do without delay after receiving the ship. The shipowner is also liable for damages caused by the ship’s crew, as well as for damage caused to third parties.
Who is the person who owns a ship?
The shipowner is the person who equips a ship (also fits out a ship), provides her with the necessary provisions and crew and runs or operates her. Shipowners are distinguished by the type of operations in which they are engaged.
Who is responsible for the condition of a ship?
Interpretation of the carrier’s obligation appears to be generally acceptable in most jurisdictions since it is always open to the shipowner to cover himself by claiming an indemnity from the independent contractor involved. Carrier will not be held responsible for the seaworthy condition of a ship until it comes under his control.
Who is the Disponent owner of a ship?
Disponent Owner. The person who hires a ship (or several ships) in bareboat charter or in time charter is called a “disponent owner”. If the commercial operation of the ship is entrusted to a managing company, than the manager is called “managing owner”.