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Mortgages, maritime liens, retention and arrest

Mortgages, maritime liens, retention and arrest. Professor Erik Røsæg Scandinavian Institute of Maritime Law erik.rosag@jus.uio.no folk.uio.no/erikro. Basic concepts. Mortgage Security ordered by a court Maritime lien Arrest (Bottomry). The Conventions.

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Mortgages, maritime liens, retention and arrest

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  1. Mortgages, maritime liens, retention and arrest Professor Erik Røsæg Scandinavian Institute of Maritime Law erik.rosag@jus.uio.no folk.uio.no/erikro

  2. Basic concepts • Mortgage • Security ordered by a court • Maritime lien • Arrest • (Bottomry)

  3. The Conventions • Liens and Mortgages 1967 and 1993 • Arrest 1952 and 1999

  4. The Contracts • Loan agreement • Mortgage document • Other security • Assignment of freight • Cancellation clauses • NMC § 44 • MAC clauses • Control • Long term charterparties • Accessories, NMC § 45

  5. Mortgages and registration • The main rule, NMC § 20 • Priority, NMC §§ 23-25 • Closing • Encumbrances in non-ships • Ships under construction, NMC § 31 • Non-ships, NMC § 33 • Platforms, NMC § 507 • Permanent installations

  6. Maritime Liens in vessels, NMC §§ 51 et seq. • Protected claims • Wages • Port dues • Personal injury claims • Property claims • Salvage rewards • Priority

  7. Maritime Liens in cargo, NMC §§ 61 et seq. • Protected claims • Salvage Reward • Expenses in relation for cargo • Claims under the contract of carriage,cf NMC §§ 269 and 292

  8. Time bars • Length • Arrest, NMC § 55 • Possibility of arrest, Dispute Act § 33-2 • Security to prevent arrest • Arrest forum • The Lugano/Brussels system

  9. Right of retention • NMC § 54 • Continuity • Priority • Relation to bankruptcy

  10. Maritime liens –the system • Liability of reder or owner • Maritime lien or mandatory insurance • Limitation • Subrogation • Relation to • Mortgagee • Hull insurer

  11. Enforcement of liens and mortgages • Forced ordinary sale • Auction • Forced use • Agreements?

  12. Some remarks on common law • Arrest • Lien • Actions in rem, cp NMC § 137

  13. Choice of law and jurisdiction • Registered mortgages, NMC § 74 • Maritime Liens, NMC § 75 • Forced sale abroad, NMC § 76

  14. Arrest • Effects • Vessel is detained. Guarantees • Jurisdiction • Sale • Timebars • Conditions • Maritime claim • Arrest necessary • Within jurisdiction • Limitation rules • Connection liability - ship • Costs

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