junio 10 2021

Ship Finance - Mortage Enforcement


It is impossible to give general advice as to which would be the appropriate method of enforcement in each case, because each vessel will be in a different situation, presenting a variety of possibilities and different problems. 

Here we discuss some of the factors which a mortgagee will have to bear in mind, and then outline some of the possible steps which it might take. We also point out some of the pitfalls and disadvantages of taking a particular action in some circumstances.

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