Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Glamazon The Exclusive Ship Holding Company (ESHC) is based in the United Kingdom and owns and operates an expansive fleet including RO RO vessels,

  • The Glamazon
  • The Exclusive Ship Holding Company (ESHC) is based in the United Kingdom and
  • owns and operates an expansive fleet including RO RO vessels, tankers and tugs
  • and offshore supply vessels. In November 2020 the ESHC was contracted by the
  • Government of the Republic Trinidad and Tobago (GORTT), through its subsidiary
  • Exclusive Ship T&T Limited (ESTTL) for the charter of a Ferry, The Glamazon for a
  • period of 5 years. ESTTL now operates in Trinidad and Tobago and The Glamzon
  • has set sail from London to commence its time charter with the GORTT. The
  • Glamzon was flagged to St Vincent and the Grenadines for the duration of this time
  • charter and de-registered from the Isle of Man vessel registry.
  • Prior to being bought by ESTTL from Glamour Ships Limited, The Glamazon was
  • operating in the Mediterranean for the carriage for passengers and their goods
  • between Malta and Gozo. The vessel was flagged and operated out of Malta. In
  • 2018 The Glamazon collided with another Ferry and suffered structural damages.6
  • Losses arising from the incident exceeded US$1million dollars and included claims
  • for salvage and vessel repairs. Glamour Ships Limited sold the vessel free of all
  • encumbrances to ESTTL.
  • Upon arrival in Trinidad and Tobago the vessel was arrested for maritime liens
  • arising from the salvage of the vessel in 2018, ship repairs and outstanding
  • mortgage payments. Following the 2018 collision the Good Towage Company was
  • first to arrive to assist The Glamazon. The Master of The Glamazon, taking
  • instruction from Glamour Ships Limited signed a towage contract with the Good
  • Towage Company to tow the vessel to Valleta Ship Repairs. During the course of the
  • voyage the vessel encountered difficulties as a tow and the Good Towage Company
  • had to undertake extra work to ensure the vessel was successfully towed to the ship
  • yard. Upon reaching the ship yard the Good Towage company claimed salvage of
  • the vessel. Glamour Ships refuted this claim and asserted that they would only be
  • paying towage charges.
  • Once the vessel repairs were completed, Glamour Ships Limited sold the vessel,
  • free of all encumbrances to ESHC who then conveyed the vessel to ESTTL. ESHC
  • had secured financing to purchase the vessel with Credit Suisse. Credit Suisse has
  • joined the action against The Glamazon, claiming outstanding mortgage payments
  • and wants to take possession of the vessel to secure its outstanding mortgage
  • payments. 6
  • INSTRUCTIONS:
  • Advise ESHC on all legal exposure/potential claims arising from the scenarios
  • above. Also advise of the validity of the various claims against The Glamazon.6 You
  • may use a Gencon Time charter for the purposes of this question. You may make
  • any necessary assumptions to complete the scenario for your submissions.

.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Bluebook A Uniform System Of Citation

Authors: Harvard Law Review, Columbia Law Review, Yale Law Review

21st Edition

0578666154, 978-0578666150

More Books

Students also viewed these Law questions

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago