Liens and mortgages oProfessor Erik Røsæg oScandinavian Institute of Maritime Law [email protected] ofolk.uio.no/erikro.

Liens and mortgagesoProfessor Erik Røsæg

oScandinavian Institute of Maritime Law

[email protected]/erikro

2

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

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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

8

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 Art. 137

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Choice of law and jurisdiction

o Registered mortgages, NMC art. 774

oMaritime Liens, NMC Art. 75o Forced sale abroad, NMC Art. 76