Amidst changes in the maritime industry and the ongoing nuances of COVID implications, the global market of seafood remains reactive and ready to face any challenges. An essential event for the seafood industry is the Global Seafood Market Conference (GSMC) held annually by The National Fisheries Institute (NFI). This year, International Maritime Group (IMG) attended …
2022 Global Seafood Marketing Conference Wrap Up Read More »
Congratulations! You’ve just purchased a beautiful new yacht. The deal has only just gone through, and already you can feel the ocean spray bouncing off your face and the sun warming your shoulders. Before making plans to set sail, though, you first need to find a carrier to transport the yacht from Genoa, Italy to …
Yacht Transport and the Carriage of Goods by Sea Act Read More »
IMG proudly expands its team of maritime law practitioners with its two newest hires – Samuel Maier and Ryan McDowell – who bring unique, complementary backgrounds to the team.
Love it or hate it, the Jones Act is the single most important piece of US maritime legislation to date. It provides many Alaskan fishermen with jobs on the water, delivers significant employment benefits to injured mariners, and protects Alaskan seaman from the vicissitudes of foreign flagged jurisdictions by limiting US trade to US owned …
The United Nations Convention on the Law of the Sea — the US military backs it, the oil industry loves it, and Senators Murkowski and Begich support it. Hell, even the environmentalists are behind this piece of legislation. So why won’t Congress ratify this treaty and put this issue to bed? Despite the majority of …
The Law of the Sea and Its Effects On Offshore Mining Read More »
It’s a story many Alaskan businesses are familiar with. The large, multi-national company pushes a service contract onto the small, Alaskan owned and operated company with the simple undertone of: “Hey, you want to do business with us, sign the bottom line.” However, buried in these contracts is always an “Indemnity Clause.” These clauses are …
The Importance of Indemnity Agreements in Offshore Oil and Gas Contracts Read More »
Here’s a situation: suppose a Seattle company needs to ship an expensive piece of machinery worth $500,000 up to Alaska for a summer project. The company reaches out to a local carrier who agrees to ship the equipment up north for a reasonable fee. During transit, however, the carrier damages the equipment to the tune …
After a wintery reprieve, this year’s fishing season began in earnest – and not a moment too soon for most of us. Already geared up for the fishing season, some vessel owners may wish to expand their fleets and businesses this year. Yet, finding and accessing cheap capital to build or buy a boat is …
Using Bareboat Charters to Expand Fishing Fleets Read More »
Introduction Well, it’s that time of year again—fishing season. After months off in a wintery reprieve, it’s time to get back to work and go fishing—and not a moment too soon. Many vessel owners might have had an eye for expansion this season. Perhaps they are looking to build new boat or one of their …
This article is the third of our three-part series on Uniform Commercial Code (“UCC”) sections 9-207 and 9-610. These model code provisions govern the duties associated with the preservation and disposition of secured collateral. In the following article we address the duties of a marine lender associated with the marketing and sale of repossessed vessels. …