RMI Focus: Marshall Islands Law Permits A Broader “Duty of Inquiry” Defense for Vessel Owners Facing Necessaries Lien Claims

In the Maritime Act, the Republic of the Marshall Islands (“RMI”) has adopted the “non-statutory general maritime law of the United States” as the general maritime law of the Republic.  That creates an important measure of predictability and stability for many marine financing transactions and other matters governed by RMI law, but it is important […]