Transcript Liens and Mortgages - PowerPoint

Liens and mortgages
oProfessor Erik Røsæg
oScandinavian Institute of
Maritime Law
[email protected]
ofolk.uio.no/erikro
Basic concepts
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Mortgage
Security ordered by a court
Maritime lien
Arrest
(Bottomry)
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The Conventions
o Liens and Mortgages 1967 and 1993
o Arrest 1952 and 1999
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The Contracts
o Loan agreement
o Mortgage document
o Other security
o Assignment of freight
o Cancellation clauses
o NMC § 44
o MAC clauses
o Control
o Long term charterparties
o Accessories, NMC § 45
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Mortgages and registration
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The main rule, NMC § 20
Priority, NMC §§ 23-25
Closing
Encumbrances in non-ships
o Ships under construction, NMC § 31
o Non-ships, NMC § 33
o Platforms, NMC § 507
o Permanent installations
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Maritime Liens in vessels,
NMC §§ 51 et seq.
o Protected claims
o Wages
o Port dues
o Personal injury claims
o Property claims
o Salvage rewards
o Priority
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Maritime Liens in cargo,
NMC §§ 61 et seq.
o Protected claims
o Salvage Reward
o Expenses in relation for cargo
o Claims under the contract of carriage,
cf NMC §§ 269 and 292
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Time bars
o Length
o Arrest, NMC § 55
o Possibility of arrest, Dispute Act § 33-2
o Security to prevent arrest
o Arrest forum
o The Lugano/Brussels system
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Right of retention
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NMC § 54
Continuity
Priority
Relation to bankruptcy
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Maritime liens –the system
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Liability of reder or owner
Maritime lien or mandatory insurance
Limitation
Subrogation
Relation to
o Mortgagee
o Hull insurer
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Enforcement of
liens and mortgages
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Forced ordinary sale
Auction
Forced use
Agreements?
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Some remarks on common law
o Arrest
o Lien
o Actions in rem, cp NMC Art. 137
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Choice of law and jurisdiction
o Registered mortgages, NMC art. 774
o Maritime Liens, NMC Art. 75
o Forced sale abroad, NMC Art. 76
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