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ARTICLE · 07 MARCH 2023

How Will Your Vessel Be Affected By A Maritime Debt?

HAS Law Firm
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HAS Law Firm

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The UAE's maritime business has grown significantly; however, every coin has two sides, and with the increase in maritime transactions, maritime disputes have become unavoidable during the course of business.

United Arab EmiratesTransport

The UAE's maritime business has grown significantly; however, every coin has two sides, and with the increase in maritime transactions, maritime disputes have become unavoidable during the course of business. The governing legislation for all maritime-related issues is Federal Law Number 26 of 1981 on the Commercial Maritime Law (the Maritime Law), as amended by Federal Law Number 11 of 1988. During the course of business, it may be necessary to detain the vessel (ships) in order to recover maritime debts.

UAE Maritime Law

The UAE Maritime Law distinguish between two types of vessel arrests: provisional and executory arrests. Articles 115 to 122 of the Maritime Law govern provisional arrests (preservatory arrests), while articles 123 to 134 govern executory arrests. When it comes to maritime debts, a provisional arrest can be used. Article 115 of the Maritime Law specifies the grounds for filing a claim for maritime debts and stabile the following:

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