The Dubai Chamber of Commerce and Industry, in association with Fichte & Co Legal Consultancy, organised a workshop introducing its stakeholders to the prevalent UAE Maritime Law, at the Chamber premises on Tuesday.
With its focus on key areas of maritime and shipping including documentation, insurance, disputes and claims, the workshop was conducted by Fichte & Co, and was attended by Dubai Chamber members, legal advisors, maritime lawyers and insurers, shipping agency representatives and ship brokers.
Jehad Kazim, Director, Legal Services, Dubai Chamber, informed that the maritime sector is of crucial importance to modern economies as marine activities continue to expand with the growth of international trade and business.
“The maritime industry is fundamental to world trade as over 90 per cent of global trading is carried out by international shipping industry and the volume of goods shipped is increasing every year which shows the importance of the shipping industry to a globalised economy,” she said.
Kazim further stressed that the workshop facilitated representatives of a cross-section of Dubai companies to understand and learn the peculiarities of UAE Maritime Law including the drafting and clausing of bill of lading, which is an important commercial document for the shipping industry, as well as the means to effective claims handling of cargo.
She stated that the workshop comes in line with Dubai Chamber’s strategic objective of creating a favourable business environment for which the Legal Services Department regularly organises trainings and workshops for the business community which ultimately help boost their competitiveness while also enhancing the overall economic growth of Dubai.
Jasamin Fichte, Founding and Managing Partner, Fichte & Co, said: “The infrastructure, benefits and efficiency of Dubai and its receiving of cargo ships from around the world on a daily basis has positioned it as one of the most important ports in the world. The emirate has steadily increased its global economic footprint through exports and imports which have a profound effect on the country’s GDP as Dubai has made its mark as a leading maritime hub for international business.”