Arrest of Ships in Accordance with Libyan Law




In spite of the current security problems, the Libyan government due to its efforts to improve the New Libya, has situated the nation at the apex of a widely-anticipated economical boom of development in all industries. Prior to the trend of 2011, Libya's export products reached $30 billion $ and its imports surpassed $6 Billion USD. With new liberal monetary views and the willingness to compensate for the 49 years of stagnation under the Gaddafi regime, Libya's economical development is forecasted to be one of the speediest growing financial systems in the world.

Libya is essentially dependent on imports, consisting mainly of professional and food items. Libya's biggest trading spouse is the European Unification and Italy leads with 30% of Libyan imports. This significance of the Libya/EU trade-link across the Mediterranean is undisputed as the seaports of Libya are invigorating their cable connections to the southern Western european seaports. This will likely continue to play an increasingly natural part in the future. The Libyan foreign trade is taken out through seven major commercial seaports, seven petroleum seaports, and one seaport for the steel industry. This significant number will be the basis of the trade link across the Mediterranean once security and stability dominate the Libyan political scene.



The seaports are reasonably outfitted, nevertheless, in the future the Libyan government will be committing in bettering the efficiency and productivity of their seaports. The government is presently contemplating involving overseas investors to develop and operate the Libyan seaports on such basis as public-private partnership (PPP).

As the efficiency of these seaports improves, the frequency of ships berthing at Libyan ports is expected to increase. This is a commercial simple fact that virtually all ships dialling at the Libyan jacks are neither registered in Libya nor owned by Libyan entities. With the expected increase of the tonnage and containers to be handled by the Libyan seaports, legal problems between the foreign ship-owners and shippers are expected to increase before the Libyan courts. These conflicts shall be mainly related to the arrest of ships in the Libyan seaports. Parties associated with shipping and delivery disputes shall use the Libyan courts as a venue to force a settlement without resorting to litigation.

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