Maritime lien definition

Maritime lien means a maritime claim against the owner, demise charterer, manager or operator of the vessel referred to in clauses (a) to (e) of sub-section (1) of section 9, which shall continue to exist under sub-section (2) of that section;
Maritime lien means any charge that is recognized as a maritime lien or privilège maritime on a ship under applicable law;
Maritime lien means any claim recognized as a maritime lien or privilège maritime on a Ship by the law applicable in accordance with the private international law rules of the State of Judicial Sale.

Examples of Maritime lien in a sentence

  • Any Security Interest (other than a Permitted Maritime Lien) in respect of Charged Property becomes enforceable.

  • No-one will have any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than a Permitted Maritime Lien.

  • Permitted Security Interests means, in relation to any Charged Property, any Security Interest over it which is:(a) granted by the Finance Documents; or (b) a Permitted Maritime Lien; or (c) is approved by the Majority Lenders.

  • No one will have any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than a Permitted Maritime Lien.

  • Any Security Interest (other than a Permitted Maritime Lien) in respect of Collateral becomes enforceable, unless any such Security Interest is being contested in good faith and by appropriate proceedings or other acts and the relevant Obligor has provided security acceptable to the Administrative Agent (acting reasonably on the instructions of the Required Lenders) to the extent necessary to prevent the enforcement, arrest, attachment, seizure or forfeiture in respect of such Collateral.


More Definitions of Maritime lien

Maritime lien means any claim recognized as a maritime lien or privilège maritime on a ship under applicable law; 6
Maritime lien means any claim recognized as a maritime lien on a ship by the law applicable in accordance with the private international law rules of the State in which the ship is sold by way of Judicial Sale.
Maritime lien means a lien or charge falling within Part VI; “Minister” means the Minister for the Port and Shipping;
Maritime lien means any charge that is recognized as a maritime lien or
Maritime lien means claims within the meaning of Article 2 of the International Convention for the Unification of Certain Rules of Law Relating to Maritime Liens (Brussels, April 1926), which is set forth in the Schedule annexed to this Act;
Maritime lien means the maritime lien specified in section 13;
Maritime lien has the meaning ascribed to such term in the Plan of Reorganization.