The ability to arrest a vessel is an essential form of security for any party interested in cargo, or for lenders who are involved in a claim which could possibly lead to the judicial sale of a vessel, should that become necessary. Vessel arrests can arise as potential remedies for an assortment of creditors, including ship owners who need to repossess a vessel under a charter party or mortgagees who have terminated a loan facility due to a default.

Dubai Court Change