Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • 5 - Shipping, Distributed Ledgers and Private Maritime Law

  • Edited by James Kraska, United States Naval War College, Newport, Rhode Island, Young-Kil Park
  • Book:
    Emerging Technology and the Law of the Sea
    Published online:
    07 July 2022
    Print publication:
    21 July 2022, pp 141-157

  • Summary

    This chapter discusses the possible impact of blockchain or distributed ledger technology on private maritime law in the near to mid future. It suggests that tamperproof logs are likely to be relevant in four areas. These are (1) shipping documentation (especially negotiable documents of title); (2) payment in connection with letters of credit governed by the eUCP 2.0 and similar transactions; (3) cargo care and monitoring, especially in connection with claims between buyers and sellers, cargo claims against carriers, and possibly dangerous cargo suits against shippers; and (4) the monitoring of vessels themselves with a view to establishing the cause of casualties, a matter relevant in particular to charter disputes, insurance and collision claims. In all of these areas the use of distributed ledgers is likely to give rise to substantial savings in evidence-gathering and litigation costs, leading to the smoother and more efficient handling of claims.