Shipping Law 2025
Commercial Dispute Resolution: The International Approach
Considering some facts regarding disputes in the International Trade arena. Most of the time parties in international trade develop all kind of businesses without primary concern of a potential conflict between them. Some of these parties do business with the other for a first time; others have a long time relationship. Types of businesses are […]
Freedom of Contract in International Carriage Contracts. What about Ecuador ?
The Doctrine of Freedom of Contract also known as “Laissez Faire” is the basis for international carriage contracts, according to Common Law. In Ecuador there are some considerations according tThe Consumers Act The Doctrine of Freedom of Contract also known as “Laissez Faire” is the common law and civil law basis for international carriage contracts. […]
Documentary Credit in International Trade
Documentary credits law depends on the principle of autonomy or independence of the credit and the doctrine of strict compliance. The principle of autonomy protects the beneficiary (exporter) while the doctrine of strict compliance protects the issuing bank and the applicant (importer). According to the World Trade Organization, Some 80% to 90% of world trade […]
Builders’ Risks and Marine Insurance
The process of building a vessel or a floating object involves a series of risks. Both the entity who orders the construction and the shipyard are exposed to considerable losses if a casualty takes place. Accidents can occur at any of the construction phases involving people and property and also affecting the environment. These events […]
Ecuador: International sources of Shipping law
Ecuador is party to several international conventions. Some of them are now mentioned. Basically, in 2012 Ecuador ratified the accession to the United Nations Convention on the Laws of the Sea (UNCLOS 1982), also known as the Constitution for the seas. As for the named four pillars of maritime law regulation, Ecuador is party to […]
Responsibilities in Maritime Law: A Case in Europe and Comparison with Ecuador
Un incidente marítimo como el ejemplo de un abordaje puede generar múltiples reclamos que al momento del análisis considerar el derecho aplicable, así como diferentes tipos de responsabilidades y la posibilidad de limitar la responsabilidad.Por ejemplo, un buque de carga de contenedores en maniobra en atraque en el Puerto de Estocolmo súbitamente gira con dirección […]
Civil Liability Coverage in Maritime Law: P&I Clubs
En la Inglaterra medieval y especialmente fuera de Londres, era costumbre que los dueños de las embarcaciones se agrupaban para acordar asegurarse entre sí por los peligros del mar. Así, si una nave se perdía, los demás cooperaban para compensar esta pérdida. Esta práctica de sociedades de hecho evoluciona con el tiempo, ya por cambios […]
Marine Insurance in the London and Nordic Markets
London is recognized as the worldwide leader for the marine insurance market. The development began in the 18th century when by means of “The Bubble Act” it was forbidden to corporations and societies to run the marine insurance business unless they were authorised by Act of the Parliament or Royal Charter, This measure created a […]
The English Insurance Act 2015: New Regime on Guarantees on Marine Insurance
El rompimiento de una garantía ya no puede ser considerado como una liberación automática de responsabilidad sino como suspensión de responsabilidad. Una vez que se enmienda la violación de una garantía entonces el asegurado recupera la cobertura. Las garantías ahora son consideradas como condiciones suspensivas. Son disposiciones que mejoran la posición del asegurado, pero las […]