What type of legal action can be taken by the seller in case of buyer is not settling vessel detention?

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1200455

2026-07-29 02:05

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If a buyer fails to settle vessel detention, the seller can pursue legal action for breach of contract. This may involve filing a lawsuit to seek damages incurred due to the detention, such as additional fees or lost profits. The seller might also seek to enforce any contractual provisions related to dispute resolution or seek to recover the vessel through a maritime lien if applicable. Additionally, the seller could consider arbitration or mediation if those processes are stipulated in the contract.

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