Commercial Maritime Law
Art. 162Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The hire shall not be payable if the vessel is wrecked or stopped by force
majeure, or by an act of the lessor or his servants.
Commercial Maritime Law
2. If it is established that the vessel has been wrecked, the hire shall be payable
up to the date of the last time news about the vessel is received.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded