Ship Finance 2023
Demonstrating title or legal ownershipHow does one demonstrate title to or legal ownership of a vessel registered under the laws of your jurisdiction?>>🔗
Title to or legal ownership of a vessel registered to National Ship Registry (NSR) or Turkish International Ship Registry (TISR) is demonstrated by a ship’s registry certificate obtained from the relevant ship registry.
LiensHow can one determine whether there are any liens recorded over a vessel?>>🔗
Any mortgages recorded over the vessel or other encumbrance are shown on the ship’s registry certificate. Maritime liens are not subject to registry; thus, they could not be determined from the look of the registry certificate, but they can still exist.
This material is produced by Lexology Panoramic:
This image is not available in the public version.
Formerly Getting The Deal Through, Lexology Panoramic delivers a panoramic view of how laws and regulations vary across jurisdictions from the market-leading cross-jurisdictional comparison tool
This content is licensed and is published in its original form. It is not edited or checked by LexisNexis®.