Recognition Of Foreign Judicial Sale Of Ships

Recognition Of Foreign Judicial Sale Of Ships


Date Posted: 2018-05-23 05:50:41

There is currently no international instrument that addresses the recognition of judicial sale of ships, or is there any instrument that adequately protects purchasers from prior claims and which addresses the de-registration on re-flagging and re-registration of ships from and to national registries. As there is no such instrument, then, in this regard, maritime transportation is neither secure nor effective and hinders rather than promotes global trade. Thus the recognition of foreign judicial sale of ships is fundamental to international maritime transportation. The Comite Maritime International has prepared a draft convention on the international recognition of foreign judicial sale of ships and hopefully the same shall reach its logical conclusion. We shall continue to advice interested shipowners on the intricacies of the draft convention and how it will affect shipowners if and when it is adopted as an international instrument and takes the force of law.

2 Comments

  • link 188bet

    Date: 2018-05-25 08:29:27

    Woah! I'm really loving the template/theme of this site. It's simple, yet effective. A lot of times it's tough to get that "perfect balance" between usability and visual appeal. I must say you've done a awesome job with this. In addition, the blog loads very fast for me on Internet explorer. Excellent Blog!

  • admin

    Date: 2018-05-31 15:00:44

    Thank you for your comment.

Leave a comment