According to Article 131 of Vietnam Maritime Law, the wrongful
request of arrest of ship in Vietnam shall be subject to financial obligations.
In particular:
The applicant for arrest of a ship must be held legally liable for
his request. If the request for arrest of a ship is wrongful, which may lead to
any loss, such applicant shall be responsible for compensating for any loss or
damage possibly incurred.
Any loss or damage that may be incurred from consequence of such
request for wrongful arrest shall be dealt with as agreed upon between parties.
Where there is any disagreement or dispute that may arise, the Court or Arbitration
Tribunal shall be requested to settle this disagreement and dispute in
accordance with laws.
If
the Court that grants a judgement on arrest of a ship which is not based on the
reasons for a request for arrest or does not serve on the ship as the right
subject matter of such request, which may cause any loss or damage, it shall be
liable for any compensation in accordance with laws and regulations.
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