The pioneering stipulation of article 15 and 20 in The Mandime Cnd of PRC pay special attention to the relationship between ship mortgage and marine insurance. In practice marine insurance is a vital part of a ship finance package. The priority vested in the ship mortgagee may be impaired by the acts of the ship mortgagor.Therefore,a properly worded deed of covenants is needed in China.An effective hull insurance and assignment of insurance ensures the ship mortgagee (the bank) may claim and receive directly the insurance proceeds in the event that the mortgaged ship is lost.
In this short essay the author wants to say something new about the liability for demurrage or damages for ship’s detention undertaken by the buyer or the seller of the goods who is not the charterer of the voyage Charterparty. With the help of Mr. Philip Yang’s new work The Law of Demurrage and three recent maritime cases before maritime courts in China,the author can show the readers something interesting about the legal basis of such a liability and the relationship between the voyage Charterparty and the contract of sale in this respect from the view point of a maritime lawyer in
