Principal

A question of principal

IT is common for claimants in Italy to serve a writ of summons against ship agents as representatives of owners/carriers in the ports called by the vessel. Indeed, Article 288 of the Italian code of navigation provides that the ship agent can be summoned before the courts in the name of owners or carriers to the extent and within the limits of the code. At the same time,...

Who is the principal?

IT is perhaps a rather curious feature of advising shipbrokers and other intermediaries in the shipping world that the identity of an intermediary’s principal is not always entirely obvious. It is important to establish from the outset between which parties the relationship of principal and agent arises, as this will inevitably colour the advice given and tactics employed in...