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Middle East and Africa Iran Insurance

US may have case for forfeiture of Grace 1, says expert

The US seizure of a North Korean bulk carrier originally detained in Indonesia sets a precedent that may be applied to Grace 1, according to a leading shipping lawyer

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Wise Honest was transporting coal for North Korea, contrary to the US sanctions laws, and payments made in US dollars gave the US court jurisdiction, according to Stephen Askins

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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