Maritime


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INTEREST, MARITIME. By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. There is no limit by law as to the amount which may be charged for maritime interest. It is fixed generally by the agreement of the parties.
     2. The French writers employ a variety of terms in order to distinguish if according to the nature of the case. They call it interest, when it is stipulated to be paid by the month, or at other stated periods. It is a premium, when a gross sum is to be paid at the end of the voyage, and here the risk is the principal object they have in view. When the sum is a per centage on the money lent, they call it exchange, considering it in the light of money lent at one place to be returned in another, with a difference in amount between the sum borrowed and that which is paid, arising from the difference of time and place. When they intend to combine these various shades into one general denomination, they make use of the term maritime profit, to convey their meaning. Hall on Mar. Loans, 56, n.

MARITIME. That which belongs to or is connected with the sea.

References in periodicals archive ?
He continued: "This unique event presents an ideal opportunity to showcase Dubai and the UAE as being at the forefront of the global maritime map, and emphasize the continuous support of the wise leadership to upgrade the capabilities of integrated and advanced infrastructure and modernize legislation and laws to provide the best maritime and logistics services that match the best in the world."
Amer Ali, the executive director at DMCA, said: "The UAE Maritime Week is once again reaffirming Dubai's position as a preferred global destination for leading maritime events, providing a strategic platform to enhance the convergence, communication and interaction between maritime industry leaders, strengthen bridges of knowledge transfer, and share international best practices that will advance the maritime industry to a new level of growth and sustainability."
"This unique event presents an ideal opportunity to showcase Dubai and the UAE as being at the forefront of the global maritime map, and emphasise the continuous support of the wise leadership to upgrade the capabilities of integrated and advanced infrastructure and modernise legislation and laws to provide the best maritime and logistics services that match the best in the world," stated Ali.
Recently, as a result of reevaluation of the maritime environment and recalibration of its maritime security choices, Pakistan Navy launched the initiative of Regional Maritime Security Patrols or the RMSP.
Dr Abdullah bin Mohammed Balheif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority (FTA) - Land and Maritime, on Sunday told a press meeting in Abu Dhabi that the prevailing mindset during the law draft preparation phase was that the new law should not be limited to the boundaries of the current maritime commercial law.
"It provides a number of investment incentives for those who would like to make maritime investments.
After the protocol greetings, the students visited the offices of the Maritime Technical Directorates of the Punta Angeles Lighthouse complex, where they learned about the organization, the Technical Directorates, Maritime Governations, Harbor Master's Offices and Sea Mayors that make up DIRECTEMAR, as well as the work that is carried out with the International Maritime Organization (IMO) where Chile has a permanent representation since 1981.
RMSP, as the name suggests, could extend maritime security to other countries of the region.
Recently, as a result of re-evaluation of the maritime environment and recalibration of its maritime security choices, Pakistan Navy launched the initiative of Regional Maritime Security Patrols or the RMSP.
This leads to a belief that the idea of maritime security has to be 'cooperative', i.e., various littoral nations contributing towards addressing the security challenges at sea (Till, 2016).
As part of their Maritime Education Training, they were briefed about the organization's functions, mandates, and modernization developments.
Commodore Mansour bin Mohammed al- Kharousi, Head of Maritime Security Centre, said: "This exercise is part of the exercises aimed at testing and developing the maritime security system in the Sultanate, and the ability to respond to all maritime threats.

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