Secondhand ship buyers will now have protection against double arrest under a new United Nations convention on the judicial sale of ships signed today in Beijing by 15 member countries.
The UN Convention on the International Effects of Judicial Sales of Ships has been nearly two decades in the making, under the sponsorship of the Comite Maritime International (CMI), the federation of the world’s national maritime law associations that works toward improving and reconciling the maritime law codes of all nations and jurisdictions.
