The recent reform of German maritime law
New maritime trade legislation, aimed at modernising and simplifying German maritime law, entered into force in Germany on 25 April 2013.
This article highlights some of the more significant changes brought about by the relevant amendments to the German Commercial Code, including the incorporation of comprehensive provisions relating to time and bareboat charterparties, the introduction of the concept of ‘performing carrier’, the extension of a shipowner’s liability for damages and facilitation of the arrest of ships…
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The commercial understanding of the phrases ‘as is’ or ‘as is where is’ has always been that a buyer must take a yacht in the condition in which she is found at the time defined in the contract.
Yacht brokers – or anyone else keen to know when a broker will or will not be due a commission – should read on…