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Credit Europe Bank N.V v The an Admiralty Fund Comprising the proceeds of the sale of the mv Tarik III & Others

Photo of Peter Lamb
By Peter Lamb on October 21, 2022

Credit Europe Bank N.V v The an Admiralty Fund Comprising the proceeds of the sale of the mv Tarik III & Others

The Supreme Court of Appeal (SCA) handed down judgment in Credit Europe Bank N.V v The Admiralty Fund Comprising the proceeds of the sale of the mv Tarik III & Others…

Posted in General

Fires at Sea: An ever-increasing hazard after 5 000 years of shipping

Photo of Malcolm Hartwell
By Malcolm Hartwell on May 28, 2021

On 18 May 2021, the fire and resultant probable loss of the brand new container ship, the mv X-Press Pearl, along with all her cargo off Sri Lanka is a timely reminder of the devastating effect of fires at sea on seafarers and ships. It is also a continuing reminder of the ever-increasing hazard caused…

Posted in General

Maritime claim jurisdiction over freight forwarders demand guarantee

Photo of Carol Holness (ZA)
By Carol Holness (ZA) on April 14, 2016

A claim for payment under a demand guarantee that guarantees payment of clearing and forwarding fees is a maritime claim in terms of the Admiralty Jurisdiction Regulation Act. This is so because it is a claim for payment “arising out of or relating to the remuneration of a forwarding agent”. Therefore the Gauteng High Court…

Posted in Insurance

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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