United Arab Emirates All You Need To Know About Maritime Trade Law In The UAE

United Arab Emirates All You Need To Know About Maritime Trade Law In The UAE

hi welcome to my channel and please don't forget to like comment and subscribe to Japanese topic about your red Arab Emirates all you need to know about Maritime trade law in the UAE United Arab Emirates is the central shipping point in the Middle East operating several ports in the country which contribute to substantially to the TDP of the UAE the lower regulator in the shipping industry and the marketing trade is the federal law number 26 of the 1981 Maritime code the marketing code regulates the procedure of registration of vessels contracts of carriage Lions limitation of the ability accidents or Coalition of vessels arrest and sell of the vessels amongst other things vessel having UAE internationally in the maritime code to find special under article 11 per 1 as follows a vessel is any structure normally operating or set for the purpose of operating in the field of narrative navigation regardless of its power tonnage are the purpose of navigation thereof every vessel is required to have a name nationally a flag to fly and a part of registry under article 13. the registration and flag of the vessel determine its nationality and the country which exercises regulatory control of the vessel according to Article 15 every vessel which holds the nationality of the UAE is required to fly the flag of the UAE for a vessel to acquire the nationality of the UAE it must be registered in any of uaees ports and owned by a natural of a traditional person having UAE nationality in the event of the LLC at least 51 of the capital has to be owned by persons holding UAE nationally and directors of this same nationality under article 14. a vessel cannot sail while flying on the flag of UAE unless it is registered under a maritime code legal capacity of the ship a ship does not have the legal capacity to be sued and therefore any claim arising out of or in connection with a ship has to be filled against the ship's registered owners and not against the Shield itself can a vessel be mortgage yes a vessel was total tonnage exceeds 20 10 tons maybe Market this is provided under article 797 of the maritime code the market of the vessel is undertaken by entering into a market contract under article 99 which should set out the name of the vessel capacity nationality part of registration and the date of the certificate of registration once the more cake has been secured it has to be registered at the Bureau of the port of the registration of the vessel under article 102. the marketing code does not specify the mandatory terms of the mortgage and it appears that the legislature left it to the parties to determine the terms and condition of the mortgage that said article 104 1400 1400 of federal law number five of 1985 clarifies that the terms of the market expire upon the expiration of debt a rest of the vessel a vessel can only be arrested a satisfaction of Maritime tap a maritime depth has been defined under article 115 of the maritime code article 105 and 15 part 2 states that the expression Maritime tab shall mean a claim in respect of right racing or of and in the following courses the first is damage caused by The Vessel by reason of a collision or otherwise and the number two loss of life or personal injuries occasioned by vessel and rising out of the use thereof and then the third is assistant and Salvage look for its contracts relating to the use or explanation exploitation of the vessel under a charter party or otherwise and then the next is contracts relating to the carriage of goods under a part chapter party build a flooding or other documents the next is loss of or damage to Goods or channels being carried on board the vessel and then General average and then tovits are pilotage of the vessel and then supplies of products or equipment necessary for the utilization or the maintenance of the vessel in whichever place this Supply is made and then the next is construction repair or fitting out of the vessel the cost of it being in dock and then sums expanded by the master shippers Charters or agents on account of the vessel are an account of the owner thereof and then wages of the master officers and crew and also other persons working on board the vessel under a contract of a Maori Team Employment and then a dispute as to the ownership of the vessel and then a dispute in in connection with the co-ownership of the vessel or with the possessions or use thereof or with the rights to the previous harassing out of the use thereof and then a marching Market how to file for ship arrest in order to file a ship rest application the party must must provide a power of attorneys signed by it in favor of a local advocate and the power of attorney must be signed before it not carry public in the UAE the application for ship arrests is to be filed with the Civil Court having jurisdiction the ship arrest will only be ordered for satisfaction of the maritime debt an arrested vessel is forbidden to sell under article 118. setting aside an order for a rest according to the article 118.2 an order of arrest can be set aside by civil court if a guarantee or any other security is presented before the court which is sufficient to satisfy the depth however the maritime tabs related to the dispute as to ownership co-ownership possessions use or right to profits rising out of the use of the vessel the order of rest may not be set aside under article 118 part 2. so thank you for watching and don't forget to like comment and subscribe.