Independent journal on economy and transport policy
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ARRESTED VESSEL NOT RELEASED DUE TO DISPUTE OVER FORM OF GUARANTEE
(Shipping Times)
November 21, 1997
By Selva Kumar
A SHIP arrested in Australia was not released by a Sydney court as the judge refused to intervene in a dispute between the parties over the form of the guarantee and the financial position of the guarantor.
The court has held that it will interfere when the parties are still negotiating on the terms or form of a guarantee, if the party that ...... Read more on Shipping Times
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