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- CML Working Paper Series: The Effectiveness of the Maritime Labour Convention’s Financial Security Certificates in Resolving Claims for Unpaid Seafarers’ Wages by Eugene Cheng
CML Working Paper Series: The Effectiveness of the Maritime Labour Convention’s Financial Security Certificates in Resolving Claims for Unpaid Seafarers’ Wages by Eugene Cheng
March 9, 2020 | Research
CML Working Paper (CML-WPS-2001)
Abstract
The 2014 amendments to the Maritime Labour Convention entered into force on 18 January 2017. The primary drive of the amendments was to introduce a financial security certificate which would guarantee payment of seafarers’ wages and repatriation costs in the event of abandonment by shipowners. This paper seeks to provide a critical analysis of the effectiveness of financial security certificates in resolving claims for unpaid seafarers’ wages.
Keywords: Maritime Employment, Seafarer’s Wages, Maritime Labour Convention, Financial Security Certificates, P&I Clubs, Subrogation, Assignment, Maritime Lien
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