For seven volatile years, shipowners and charterers crowded the federal courts of New York to chase each other’s money — and then were suddenly banished, forcing their lawyers to return to the traditional, and more difficult task, of hunting ships to arrest.
One of the most transparent moments in the history of maritime law must be the “Rule B” era of 2002-09, or to be more precise, the era of the Rule B attachment of electronic fund transfers (EFTs).
