Spain - Guarantees
Steamship Mutual
Published: August 09, 2010
June 2004
The question of what constitutes an acceptable form of guarantee for the purposes of securing a vessel's release from detention at a Spanish port is not straightforward.
In a detailed circular INDECO set out the relevant procedure, the change in rules relating to cash deposits and also explain how the approach to the issue varies from port to port.
With thanks to INDECO for supplying this information.
