mortgages, maritime liens, retention and arrest oprofessor erik røsæg oscandinavian institute of...
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Mortgages, maritime liens, retention and
arrestoProfessor Erik Røsæg
oScandinavian Institute of Maritime Law
oerik.rosag@jus.uio.noofolk.uio.no/erikro
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Basic concepts
oMortgageo Security ordered by a courtoMaritime lieno Arresto (Bottomry)
3
The Conventions
o Liens and Mortgages 1967 and 1993
o Arrest 1952 and 1999
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The Contracts
o Loan agreemento Mortgage documento Other security
o Assignment of freighto Cancellation clauses
o NMC § 44o MAC clauses
o Controlo Long term charterparties
o Accessories, NMC § 45
5
Mortgages and registration
o The main rule, NMC § 20o Priority, NMC §§ 23-25o Closingo Encumbrances in non-ships
oShips under construction, NMC § 31oNon-ships, NMC § 33oPlatforms, NMC § 507oPermanent installations
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Maritime Liens in vessels, NMC §§ 51 et seq.
o Protected claimsoWagesoPort duesoPersonal injury claimsoProperty claimsoSalvage rewards
o Priority
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Maritime Liens in cargo, NMC §§ 61 et seq.
o Protected claimsoSalvage RewardoExpenses in relation for cargooClaims under the contract of
carriage,cf NMC §§ 269 and 292
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Time bars
o Lengtho Arrest, NMC § 55
oPossibility of arrest, Dispute Act § 33-2
o Security to prevent arresto Arrest forumo The Lugano/Brussels system
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Right of retention
oNMC § 54o Continuityo Priorityo Relation to bankruptcy
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Maritime liens –the system
o Liability of reder or owneroMaritime lien or mandatory
insuranceo Limitationo Subrogationo Relation to
oMortgageeoHull insurer
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Enforcement of liens and mortgages
o Forced ordinary saleo Auctiono Forced useo Agreements?
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Some remarks on common law
o Arresto Lieno Actions in rem, cp NMC § 137
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Choice of law and jurisdiction
o Registered mortgages, NMC § 74oMaritime Liens, NMC § 75o Forced sale abroad, NMC § 76
Arrest
o Effectso Vessel is detained. Guaranteeso Jurisdictiono Saleo Timebars
o Conditionso Maritime claimo Arrest necessaryo Within jurisdictiono Limitation ruleso Connection liability - ship
o Costs
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