This refers to damages to the vessel, items and/or people within the vessel through collision of more than two or more vessels on the surface of the water. (Article 876 of Commercial Act)
Occurrence of matters of compensation and damages between the involved parties due to the collision of vessels
Causes : Force Majeure, unknown causes or at-fault of more than two vessels
Charter Contract
An agreement where the charterer borrows all and/or partial of the vessel from the vessel owner and in return pays charterage and/or freight hire
It is widely practiced with voyage charters, time charters, hull charters and slot charters
Legal Relationship in Charter Agreements: It is distinguished into internal relationship between the ship owner and charterer; external relationship between the charterer, shipper and a third party; external relationship between ship owner, charterer and a third party
Cargo Claim
Marine Insurance compensates for the damages and losses incurred by the insured against various maritime risks
A resolution to disputes through precise analysis of common damages, vessel collisions and marine rescues that may occur in maritime activities
Harvest Law Office possesses industry’s top know-hows in maritime insurance
Harvest Law Office
Corporate Registration No.: 3698800509 | Managing Partner: Young Yeel Ko | Tel: +82-2-553-3040 | Fax: +82-2-553-3041,+82-2-6499-3043 | E-mail: capt@harvestlaw.net
Address: 4th Floor (Seocho-dong, MyeongKwang Building), Beopwon-ro 4-gil 41, Seocho-gu, Seo