The Riverlake Articles Series
Bills of lading are governed by international conventions evolving over time. The legal complexity, the number of parties involved as well as the arcane nature of the business mean that you need to be comfortable with the ins and outs. In this article, Riverlake’s experts give you a practical approach.
Do not think risks and liabilities can be averted by means of operational excellence. Do not think that the insurance of the shipowner or of the cargo will protect your liabilities as a charterer. The issue of cargo insurance needs to be addressed thoroughly by experts as the charterer’s liability for damage to or loss of the vessel can occur in a number of circumstances.