Maritime liens Lien

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a maritime lien lien on vessel, given secure claim of creditor provided maritime services vessel or suffered injury vessel s use. maritime liens referred tacit hypothecation. maritime liens have little in common other liens under laws of jurisdictions.


the maritime lien has been described 1 of striking peculiarities of admiralty law . maritime lien constitutes security interest upon ships of nature otherwise unknown common law or equity. arises purely operation of law , exists claim upon property concerned, both secret , invisible, given priority statute on other forms of registered security interest. although characteristics vary under laws of different countries, can described as:




^ griffith price, law of maritime liens (1940)
^ bankers trust v todd shipyards, halcyon isle [1981] ac 221






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