Tai Prize Case Highlights Difficulties for Masters over Bills of Lading, says Swedish Club
The recent case of the Tai Prize has underlined how important it is for a Master to fully understand the implications of signing a bill of lading, says The Swedish Club. The Tai Prize ruling reiterates the legal principle that a Master must sign a bill of lading only if it accurately describes the condition of the cargo, irrespective of any commercial pressures he may be facing. Whilst leading law firms will no doubt continue to explore the complexities surrounding this issue; the bottom line is that the brunt of ...
Read More »