If you were to open any legal document related to the maritime industry, one term that would catch your attention is “lien”.
If you were to open any legal document related to the maritime industry, one term that would catch your attention is “lien”.
The dictionary definition of lien states, ‘The right to take another’s property if an obligation is not discharged.’
In simple terms, Lien means that if a person owes something to another person, the latter can take custody of the former’s property until the debt due to him is cleared. Even in maritime law, there exists a concept of a maritime lien.
This article will look at this important facet of the shipping industry and its role in maritime litigation. One of the biggest problems that plague shipping firms is an incomplete knowledge of Admiralty Law.
With this article, you will know about the pros, cons, and technical details that govern a maritime lien. With a wide array of information on the topic, this is your go-to article on everything to do with a maritime lien.
What are the features of Maritime Lien?
A maritime lien is a very important aspect of maritime law. A maritime lien can arise even when the ship owner does not directly
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