Introduction
Around 80% of the volume of international trade is seaborne. Shipping is no doubt vital in facilitating global trade, both for food and energy supply. As the legal expertise in topics relevant to international shipping is in constant demand, this course aims at providing deeper understanding of the legal complexities surrounding maritime business in international context.
Part I focuses on public law aspects of international maritime law. It introduces the critical legal challenges caused by the global nature of shipping, the principle of navigational freedom, and the changing geopolitical landscape. It examines the role of International Maritime Organization (IMO) in regulating shipping, the current and future trends and needs in the context of increased digitalization and climate change risk, and the role of flag, coastal and port States in implementing the global standards to facilitate safe, secure and environmentally sound transport on seas and oceans worldwide.
Part II switches to the private law side. It examines charterparty contracts typically used in trade of energy commodities, such as oil, as well as ship sale and purchase agreements. This part discusses the critical legal issues related to breach of contract and distribution of risks and liabilities between the parties to a contract. Furthermore, the role of the relevant international associations (e.g., BIMCO) will be presented.
Part III centers around perils at sea, maritime casualties and pollution cases. It combines the public and private law aspects to explain typical legal issues when a vessel runs into a trouble at sea. Important principles of salvage and wreck removal are discussed in depth, and so is the shipowner’s liability and the IMO liability and compensation regime, including the role of the IOPC Fund.