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One was a charge over uncalled share capital; the other was a shipowner 's lien on subfreights.
The package is one of the largest investments ever made in newbuildings by an international shipowner .
Thus, where the initial error in transfer leads to a delay in the payment of an amount due under a charterparty, the shipowner may be entitled to withdraw the vessel.
On the one hand, a shipowner could send his ship without convoy and make a good profit but at the great risk of its being captured.
One calculation indicates that under the 1992 Protocols the shipowner 's average share of the amount payable for pollution damage will rise from 47 per cent to 68 per cent.
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