A person who has obtained a decree from a court in a foreign country can approach an Indian court for enforcement of the said decree under the Civil Procedure Code, the Supreme Court had ruled in November 2000 in M.V. A.L. Quamar -vs- Tsavliris Salvage (International) Ltd.
A maritime lien is often described as “the barnacle” attaching to a ship’s hull. A maritime lien, in respect of a particular ship, travels with that ship, irrespective of whether that ship changes ownership. Ultimately, it is the ship itself which owes obligations which may be breached. The word “lien” is derived from a Latin word “ligament” which means binding. In common law, a lien is considered to be the right to hold or retain property which belongs to another person as a security for the performance of an obligation or for the payment of a debt.
Maritime lien and maritime claim both overlap each other at various levels, however both the terms are essentially different from each other. A maritime lien depends on the vessel, irrespective of any change in the ownership and it usually favours the claimant. On the other hand, a maritime claim ceases to exist if the vessel is sold to a third party.
Therefore, in case of maritime claim, the claimant has a right in personam, which means that the claimant can only claim against a particular person. However, in case of maritime lien, there is right in rem, i.e. the claimant’s rights are protected against the world at large. A maritime lien is a quasi-proprietary right and it usually provides many advantages to the plaintiff. Some basic characteristics of Maritime Lien is that it arises automatically, the jurisdiction cannot be questioned and it takes priority over any other form of security.
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International News
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Life Insurance News
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Insurance Regulator Update
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General Insurance News
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"Bancassurance is at the heart of our growth strategy. It allows Bandhan Life to reach more customers and provide accessible, trusted insurance solutions through a familiar network."
About Indranil Dutta - Indranil Dutta brings 23 years of experience in insurance, banking, and sales, with a specialization in bancassurance. As the Chief Business Officer - Bancassurance at Bandhan Life Insurance, he leads the banca sales channel and plays a key role in driving the company's strategic vision of becoming a leading multi-channel life insurer with an expanded presence across product categories.
IRDAI Corner
The Eighth Bima Manthan, the quarterly meeting of IRDAI with the insurance industry was held on 11th and 12th November 2024, in Hyderabad
International Conference on Inclusive Insurance (ICII) 2024
The 20th edition of the International Conference on Inclusive Insurance (ICII) concluded on a high note in Kathmandu, Nepal, after five days of insightful discussions, interactive workshops, and collaborative networking. Hosted by the Nepal Insurers' Association in partnership with the Life Insurance Association Nepal, Nepal Micro Insurance Association, Nepal Insurance Authority, Munich Re Foundation, and the Microinsurance Network, the conference brought together around 500 participants from around the globe. The Insurance Times was the media partner in the event.
How to choose a Health Insurance Plan that fits your evolving needs
When you are single, you might focus on plans with basic coverage and low premiums. As you get married, look for family floater plans that cover your spouse. When you have children, ensure the plan covers pediatric care, vaccinations, and other child-specific healthcare needs.
My View on #20SIRC Conference
The participants include world top reinsurers, brokers, insurers, IT companies, Consultants, and Regulators. As a regulator from Nepal attending the (#20SIRC) was a unique thrilling experience that provided opportunities for learning, networking, and strategic development. Here's a detailed perspective that I had experienced during my visit to Singapore.
