Mortgages, maritime liens, retention and arrest oProfessor Erik Røsæg oScandinavian Institute of Maritime Law ofolk.uio.no/erikro

2 Basic concepts oMortgage oSecurity ordered by a court oMaritime lien oArrest o(Bottomry)

3 The Conventions oLiens and Mortgages 1967 and 1993 oArrest 1952 and 1999

4 The Contracts oLoan agreement oMortgage document oOther security oAssignment of freight oCancellation clauses oNMC § 44 oMAC clauses oControl oLong term charterparties oAppurtenances, NMC § 45

5 Mortgages and registration oThe main rule, NMC § 20 oPriority, NMC §§ oClosing oEncumbrances in non-ships oShips under construction, NMC § 31 oNon-ships, NMC § 33 oPlatforms, NMC § 507 oPermanent installations

6 Maritime Liens in vessels, NMC §§ 51 et seq. oProtected claims oWages oPort dues oPersonal injury claims oProperty claims oSalvage rewards oPriority

7 Maritime Liens in cargo, NMC §§ 61 et seq. oProtected claims oSalvage Reward oExpenses in relation for cargo oClaims under the contract of carriage, cf NMC §§ 269 and 292

8 Time bars oLength oArrest, NMC § 55 oPossibility of arrest, Dispute Act § 33-2 oSecurity to prevent arrest oArrest forum oThe Lugano/Brussels system

9 Right of retention oNMC § 54 oContinuity oPriority oRelation to bankruptcy

10 Maritime liens –the system oLiability of reder or owner oMaritime lien or mandatory insurance oLimitation oRelation to oMortgagee oHull insurer

11 Enforcement of liens and mortgages oForced ordinary sale oAuction oForced use oAgreements?

12 Some remarks on common law oArrest oLien oActions in rem, cp NMC § 137

13 Choice of law and jurisdiction oRegistered mortgages, NMC § 74 oMaritime Liens, NMC § 75 oForced sale abroad, NMC § 76

Arrest oEffects oVessel is detained. Guarantees oJurisdiction oSale oTimebars oConditions oMaritime claim oArrest necessary oWithin jurisdiction oLimitation rules oConnection liability - ship oCosts 14