Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3948

State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The deposit or bank guarantee which the ship's agent is obliged to lodge with a bank. Its purpose. To secure enforcement of judgments rendered against the maritime carrier since the entry into force of the Maritime Commercial Law. This does not require the agency to be registered. - 774 - Suretyship
Arabic original
الوديعة أو الكفالة المصرفية التي يلتزم وكيل السفينة بإيداعها بأحد البنوك. القصد منها. ضمان تنفيذ الأحكام التي تصدر ضد الناقل البحري منذ نفاذ قانون التجارة البحرية. ولا يلزم ذلك أن تكون الوكالة مسجلة. - 774 - كفالة
Original Arabic judgment citations

(الطعن ٢٥٠/٨٥ تجاري جلسة ٩/٧/١٩٨٦ مج القسم الثاني - المجلد الثالث ص ٥٠٤)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 774.

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