The labour exerted upon the ship has been adding to the shipowner 's capital throughout the process of construction.
On the one hand, a shipowner could send his ship without convoy and make a good profit but at the great risk of its being captured.
Thus, where the initial error in transfer leads to a delay in the payment of an amount due under a charterparty, the shipowner may be entitled to withdraw the vessel.
They did not actually employ the labour; they represented the shipowner who put the ship through the port, and they bowed to pressure that they should not have bowed to.
The package is one of the largest investments ever made in newbuildings by an international shipowner .
One was a charge over uncalled share capital; the other was a shipowner 's lien on subfreights.
One calculation indicates that under the 1992 Protocols the shipowner 's average share of the amount payable for pollution damage will rise from 47 per cent to 68 per cent.
During this busy and expansive time, shipowners frantically sought cargo for their empty ship on the home run.
The purpose of this act was to encourage American shipowners to build their vessels in domestic shipyards and operate them under the American flag.
Otherwise the main purpose of the shipowners ' obligation to stow below deck would be seriously undermined.