Commercial Maritime Law
Art. 96Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If a debt in favor of a debtor vessel owner arises from a single incident
against a creditor, liability shall be limited only to the balance after set-off of
both debts.
2. A creditor may not take any action against the property of the vessel owner
if the amount designated for compensation is actually placed at the creditor’s
disposal or if the owner provides a guarantee acceptable to the court.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded