Maritime Law

Legal News and Insights

Chapter 12 Bankruptcy – Five Things Every Fisherman Should Know

Chapter 12 Bankruptcy – Five Things Every Fisherman Should Know

Declining sales. Dwindling vendor opportunities. Shifting consumer preferences. As more restaurants close and seafood wholesale prices continue to crater, commercial fishermen face mounting financial pressures from the novel coronavirus pandemic. Although the Secretary of Commerce has earmarked $300 million to affected fisheries under the federal CARES Act, these funds may not be enough to prop …

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The Importance of Safe Berth Clauses in Light of The Coronavirus Pandemic

The Supreme Court Opinion in Athos I On March 30, 2020 the Supreme Court of the United States issued its opinion in the case of CITGO Asphalt Refining Co. et al. v. Frescati Shipping Co., Ltd., et al.. The Supreme Court opinion clarified U.S. law on the issue of safe berth clauses in charter party …

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Benefits of Holding Commercial and Recreational Vessels in Limited Liability Companies

“Is setting up a limited liability company worth the time and expense?” “Doesn’t it seem shady, will it complicate my efforts to document my vessel with the U.S. Coast Guard?” Rest assured, creating a limited liability company to act as an ownership entity for your vessel is a great idea. It is easy to do, …

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Why Ditching the Limitation of Liability Act is a Bad Idea

In the early morning of September 2, 2019 a fire ignited in the below decks area of the dive boat Conception. Before the captain and crew, who were themselves sleeping above decks, could do anything, the fire had blocked their pathway to the below decks area and they were forced to abandon the vessel. All …

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The Effect of COVID-19 on Your Ability to Fulfill Contract Obligations: Invoking Force Majeure and Impossibility Doctrines

In an effort to slow the spread of the novel coronavirus, governments around the world have ordered their citizens to hold in place. There is no indication of when these restrictions will be lifted. Naturally, this has had a huge effect on people’s ability to conduct business around the world. Many business owners, especially in …

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US customs grants duty deferral on imports

U.S. Customs and Border Protection Grants Temporary Duty Deferral on Imports

We have great news for importers with cash flow issues… Today the Secretary of the Treasury and the U.S. Customs and Border Protection (CBP), under 19 U.S.C. 1318(a), authorized importers to temporarily postpone certain estimated duties, taxes, and fees associated with their imports. This temporary postponement is for 90 days and for duties owed. Under …

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