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US company signs with UK arbitrators
01 Dec 2002
The year-old MarineLiens.com, a forum for posting and searching maritime lien claims, maintains its own online resolution process. The company says the site is designed for professionals who finance, insure, or service boats of all sizes and values and provides a free system for posting lien claims against vessels for monies owed involving any vessel-related services.
Once a claim of lien is posted, said the company, notification is sent to the owner of the vessel, who then has the opportunity to refute.
Notification of rebuttal is sent to the claimant, who then has 30 days to respond.
If s/he does not respond, Marine Liens will automatically mark the claim as settled.
Should the claimant respond to the vessel owner's challenge, the claim stands and the dispute must be resolved outside of the website.
MarineLiens.com encourages parties to seek outside resources to facilitate settlements if they can't be resolved through the website. The Chartered Institute of Arbitrators (CIA) has developed an online dispute resolution process that dovetails well with the Marineliens.com process.
MarineLiens.com's current database of three million registered vessels is expected to expand to 30 million during the next three years.
