Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3153

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The deposit or bank guarantee that the ship’s agent is obliged to deposit with a bank. Its purpose. Securing enforcement of judgments issued against the sea carrier since the Maritime Commercial Code came into force. This does not require the agency to be registered. - 534 - Commercial
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. - ٥٣٤ - تجاري
Original Arabic judgment citations

(الطعن ٢٥٠/١٩٨٥ تجاري جلسة ٩/٧/١٩٨٦ مج القسم الثاني - المجلد الثالث ص ٥٠٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 534. PDF pages: 534.

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