i-law

Lloyd's Maritime and Commercial Law Quarterly

THE JURIDICAL NATURE OF A LIEN ON SUB-FREIGHTS

Fidelis Oditah*

Most time charters contain a clause entitling the shipowner to a lien over subfreights for any amounts due under the charter. For example, cl. 18 of the New York Produce Exchange form provides that:
… the owners shall have a lien upon all … sub-freights for any amounts due under this Charter, including General Average contributions … 1
The purpose of the clause is to give the shipowner a security for accrued obligations under the charterparty in those cases where the sub-freight is due to the charterer, and not the owners, or where the vessel is sub-chartered, or for some reason the goods are carried without a bill of lading.2 Neither equity nor common law conferred this right on the shipowner. Even now, no statute has done so. The right is contractual in nature and its effect was summarized by Lord Alverstone, C. J., in Tagart, Beaton & Co v. James Fisher & Sons 3 in these words:
… a lien for sub-freight means a right to stop the freight and receive it as such. It does not give a right to follow, wherever the fund may be found, a sum of money merely because it is the proceeds of a debt due for freight
This statement accurately describes the extent of the right conferred by the lien clause. It does not, however, discuss the nature of that right.
Until recently, there has been little or no discussion of the juridical nature of the right conferred by a lien on sub-freights. The lack of discussion is accentuated by the fact that, even today, little or nothing has been offered by text writers by way of analysis.4 Three recent cases5 have highlighted the dangers of this omission. In two of them it was held that the lien clause created a registrable charge and was void for

191

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.