Where the freight has been legally assigned1 by the shipowner, it is payable to the assignee2. The shipowner is entitled to assign the freight at any time during the subsistence of the contract under which it is payable, whether before3 or after4 it has become due. He may also make an equitable assignment of present or future freight, that is to say the freight which the ship may earn on future voyages as to which no contracts have been made at the date of the assignment5.
Since any assignment, legal or equitable, is subject
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN TAKE A FREE TRIAL
0330 161 1234