Maritime Law
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IMG welcomes new hires, Samuel Maier and Ryan McDowell, to the firm

IMG welcomes new hires, Samuel Maier and Ryan McDowell, to the firm

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.

US Cabotage Laws and Alaska’ LNG Trade

US Cabotage Laws and Alaska’s LNG Trade

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 …

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The Law of the Sea and Its Effects On Offshore Mining

The Law of the Sea and Its Effects On Offshore Mining

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 …

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Indemnity Agreements in Offshore Oil and Gas Contracts

The Importance of Indemnity Agreements in Offshore Oil and Gas Contracts

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 …

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Understanding the Carriage of Goods by Sea Act

Understanding the Carriage of Goods by Sea Act

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 …

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Using Bareboat Charters to Expand Fishing Fleets

Using Bareboat Charters to Expand Fishing Fleets

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 …

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What you need to know about bareboat charters

Bareboat Charters – What you need to know

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 …

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What Duties Does A Marine Lender Owe In The Sale Of A Repossessed Vessel Under UCC §9-610?

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.  …

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What Duties Does A Marine Lender Owe In The Care of A Repossessed Vessel Under UCC §9-207?

This article is the second of our three-part series on Uniform Commercial Code (“UCC”) sections 9-207 and 9-610. Those model code provisions govern the duties associated with the preservation and disposition of secured collateral. In the following article we address the duty of reasonable care and preservation as it applies to lenders who have repossessed …

What Duties Does A Marine Lender Owe In The Care of A Repossessed Vessel Under UCC §9-207? Read More »

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Navigating the Unmarked Hazards for Marine Lenders in Non-Judicial Foreclosure of Preferred Ship Mortgages

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward Ward’s descriptions of the pessimist, the optimist and the realist apply handily to those parties involved in the foreclosure of a ship mortgage. It was, after all, the optimism of the borrower that led him …

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