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My sister is a ship insolvency lawyer in Hamburg. Not only is each ship a company (legal person) but also quite often a single shipping transfer is its own comp

by franze 11mo ago

My sister is a ship insolvency lawyer in Hamburg. Not only is each ship a company (legal person) but also quite often a single shipping transfer is its own company - owned partially by the ship and/or other entities. And when they exchange cargo at a far away port it can get complicated. Also nearly all global long distance shipping transfers have some kind of "Schwund" IANASL (i am not a shipping lawyer)

dredmorbius 11mo ago
Much corporate and insurance law has deep roots, if not origins in, shipping. Turns out that these are high-cost, high-risk ventures with a highly probabalistic profit/loss distribution, and spanning multiple borders and jurisdictions.
FridayoLeary 11mo ago
>My sister is a ship Found one.