In coastal ferries employment, the seafarer is entitled to overtime when working for more than eight hours. This includes Saturdays, Sundays and holidays. For Sundays worked at sea or in port, there is an extra bonus which amounts to 22% of the basic salary. In case of a labour accident, the remuneration of law 551/1915 […]
CLAIM BEARING ΙNTEREST RATE AFTER SERVICING THE CLAIM – PAYMENT ORDER AND IT’S SCALING The method of calculating the interest on a claim is provided by Article 346 of the Greek Civil Code, as revised under Law 4055/2012. On the basis of this, the debtor is obliged to pay legal interest (default interest) on the […]
The costs for maintenance and watching of the vessel in the last port of call are vested with maritime lien. However, not all such expenses are eligible to enjoy a maritime lien, as the latter is confined to the maintenance and watching of a vessel due for auction. Possible such costs incurred at a stage […]
The chief engineer is excluded from overtime allowance. This is due to the nature of his position, as he is considered to be equal to the master and has the responsibility of the vessel’s engine, and also due to the high level of his income compared to the rest of the crew. However, overtime can […]
In the case of loss or damage to cargo, Hague-Visby Rules provide that the measure of damages is the value of the commodities in the place and time of discharge (unless they have a stock market value). Values are expressed in local currency, however, the liability of the (Greek) carrier is due in euro, the […]
Time bar in labour claims against the shipowner is one year and starts from the end of the year when the claim arose. Further, when a salary higher than the one provided under the applicable collective agreement is agreed, the parties can agree that future increases or additional allowances can be set-off with the higher […]
Manolis Eglezos & Associates have released their latest Newsfront edition, where they hold the legal column, regarding Breach of warranty in marine insurance contracts and a short comment. Please click here to view the full document.
Here are some of the topics discussed in the latest Newsfront edition from Manolis Eglezos & Associates: PIRAEUS SEES 5M TEU ON THE HORIZON AS ‘MASTER PLAN’ REMAINS IN LIMBO FLEET OF GREECE’S TOP FIVE LNG CARRIER OWNERS WORTH $14BN LR’S BROWN SEES REASON FOR ‘CAUTIOUS OPTIMISM’ IN 2019 DRYSHIPS AND KALANI SEEK DISMISSAL OF […]
IMO REGULATIONS ON SULPHUR EMISSIONS (01.01.2020) Less than one year remains for the official implementation of IMO’s regulations on the limit of sulphur emissions from ships. In particular, as of 01.01.2020 the new limit of max. 0.50% m/m (mass by mass) of sulphur percentage in bunkers’ emissions shall come into force. Following the new standards […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dimitrios Mandilaras of Argo Audit Ltd. Dimitrios has joined IR as our exclusive Accounting Services and Audit & Assurance Services Member in Greece. ARGO AUDIT is an auditing, tax and accounting firm, member of S.O.E.L. (The Institute of Certified Public Accountants […]
A chief engineer suffered a stroke during his employment and sued for labour accident damages. The Court found there was no violent occurrence which resulted in the stroke; it also found the engineer’s overall health condition, which was irrelevant to his employment onboard, was already burdened, and in addition, he was a heavy smoker. Accordingly, […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dimitris Kourkoumelis of Kourkoumelis & Partners. Dimitris has joined IR as our exclusive Construction Law Member in Greece. Kourkoumelis & Partners is an Athens-based law firm focused in the fields of project finance, construction and engineering, real estate, public procurement, energy and […]