In a case handled by GKG Law, the United States Court of Appeals for the Third Circuit recently held that contracts extending a non-vessel operating common carrier's (NVOCC's) common law maritime liens are enforceable as written. The decision is a major victory for NVOCCs and reinforces the benefit to carriers of utilizing expansive lien language in their tariffs, bills of lading and credit agreements with shippers.
More details on this victory can be read here.
