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HANSA 11-2018

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INTERNATIONAL MARITIME JOURNAL Schifffahrt | Shipping INTERNATIONAL MARITIME JOURNAL FORUM SCHIFFFAHRT FINANZIERUNG Going through the right channels Navigating through the complex maritime law is a tough subject, which can be made more problematic in local languages and native laws. However, EMAC is offering its services in Dubai to help shipping travel through the processes with greater ease, writes Samantha Fisk EMAC was originally started in 2016 for the local maritime clusters and to remove local (shipping) companies out of the courts and to place them into arbitration, a contract for a dispute mechanism that will allow shipping companies have a better way of dealing with outstanding disputes. One of the main challenges that is faced by companies that may be using the local law system EMAC has highlighted is that of the language barrier. The international language of shipping is traditionally English, which, when going through the process of a local court, needs to be translated to the local language and then vice versa with any outcome. This also adds time and expense to any legal action that is being sort. EMAC aims to resolve this by being able to handle any language with chosen rules. Amer Ali, executive director, Dubai Maritime City Authority, explains that »the maritime centre is coming to compliment such a development and to fill the gap of the courts, as people usually go to the courts. This is now the time where EMAC can now make available the ADR services and mediation.« EMAC aims to fill a gap in the international maritime arbitration market between London and the Far East by establishing a regional maritime centre in the UAE, which will work with organisations across the region, providing services for resolving maritime disputes – through arbitration, mediation and other resolution processes. The organization has 45 arbitrators and spearheaded by 14 board of trustees. By setting up the centre for Arbitration EMAC aims to settle cases faster and with less expense to all parties involved in the disputes. EMAC highlights that anything under 1.9 mill Dirham will be put into a three-month arbitration, as these cases should be quicker to settle. »We have studied issues around the local area and initially looking at cases around the 1 mill dirham (200,000 $) mark to take on,« highlights Ali. Currently, EMAC is looking to be able to start handling cases in the area in the next year. Maritime Arbitration in the UAE is still in its infancy, with EMAC celebrating its first year of operation. The company notes that going forward it will measure its success on how many companies will adopt EMAC for solving issues that arise. Ali also notes that the main issues that the clusters face and where EMAC will come into play is with charter parties, with more complex issues that involve bill of lading are experienced. »The maritime industry and its day-to-day business is known to adapt to change cautiously. It’s an old industry that is somewhat set in its ways. Trying something new is often recognised as a significant leap of faith, which is why EMAC is focusing all its resources on speaking to the industry,« he adds. The overall view that Dubai will be part of China’s »One Belt, One Road« concept, rejuvenating the Silk Road network also adds more importance to the work that will be carried out by EMAC, with Dubai Maritime cluster hoping to be central to this network that links the East with the West and also to the free trade areas that it is opening up. Ali notes that in the future he hopes there will be clearer processes given to arbitration in Dubai. n 42 HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 11

Karsten Kunibert Krüger-Kopiske SCHIFFFAHRT IM 21. JAHRHUNDERT Broschur · 16 x 24 cm · 256 Seiten zahlr. Grafiken und Tabellen € (D) 19,95 | € (A) 20,55 | SFr 27,90 ISBN 978-3-7822-1300-4 Die weltweite Schifffahrt steckt seit nunmehr fast zehn Jahren in ihrer schwersten Krise überhaupt – mit den für alle Beteiligten fatalen Folgen. Dieses Buch beschreibt die Ursachen der Lage und benennt die Fehler der letzten Jahrzehnte auf Seiten der Reeder, der Werften, der Banken und der Politik. Es zeichnet ihre teils gegensätzlichen Interessen nach und skizziert Wege aus der Krise. Der Titel leistet somit einen wertvollen Beitrag zu der notwendigen Diskussion über die Schifffahrt im 21. Jahrhundert.

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