When freight has not been paid, Owners / Operators need to consider how best to secure their position as against the defaulting party. One of the main traditional options was to seek a lien on cargo for the unpaid freight.
Exercising liens, however, can be a practically challenging task.
Key points to the successful exercise of a lien, include:
In the article accompanying this update, Ince & Co illustrate the issues of seeking to exercise a lien in the P.R. China. Given the importance of China to maritime trade and the volume of cargo consigned to her ports, it is a frequent topic on which the Association is asked to give advice on for our Members.
In case Members have further queries, they are asked to contact the Association: lossprevention@skuld.com
Attachment:
Ince & Co - Owners' liens on cargo for unpaid freight in China