Sun, 03 Mar 2024 22:00:57 +0000
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the difference between a guarantee and an indemnity, why it matters, and what steps can be taken to protect the shipowner’s position. Ships are typically shipowners’ largest assets and they are often considered a security for any …
Full article: https://www.hellenicshippingnews.com/is-your-guarantee-a-guarantee-note-to-shipowners/