ArticlesIssue 1Volume 1 (2016)

Article: Corcione – Third Parties Protection

By October 27, 2016 No Comments

Third parties protection has been an extensive issue for the shipping community over the last century. Although this problem has been solved to some extent in practice by various means of circumvention created by the industry, it remains conceptually obscure. A substantial obstacle with third party protection is the classic perspective of contract law, which considers a contract to be a bilateral promise between the parties. However, it can be argued that in the modern factual context of the shipping industry, where third parties are the pivots of the business, the reliance perspective and a particular aspect of reliance perspective related to third parties could be an alternative way of looking at the issue de lege ferenda.

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