Ship Mortgage Agreement

The general provisions of Russian law provide that the performance of obligations may be ensured both by security measures expressly provided for by law and by security measures that are not provided for by law (e.g. B those developed by the parties. Therefore, there is no list of established loads for the vessel. However, in practice, in addition to ship mortgages, the most common charges on ships are marine instructions (as provided for in the International Convention on Deposits and Mortgages, 1993) and the right to detain the ship in connection with a claim related to shipbuilding or ship repair. . . .

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