International Convention on Maritime Liens and Mortgages done at geneva

International Convention on Maritime Liens and Mortgages done at geneva

hey guys welcome back to my channel so today in this video I would like to read an article entitled International Convention on meditamins and more cage the states parties to these conventions conceals of the need to improve conditions for ship financing and the development of national Mission fleets recognizing that is cereability of the national in uniformity in the field of Mediterraneans and mortgage and therefore confidence of the necessity for international legal instrument governing Mediterraneans and mortgage have decided to conclude a convention for the purpose and have therefore accredit as fellows Article 1 recognitions and enforcement of mortgage he protect quiz and charge mortgage hypothetic kills and registerable charge of the same nature which registerably charge of the same nature will be referred to heroine actor as charged affecting affected unsequent vessels shall be recognized and 

enforceable in States parties provided that a such mortgage High protect use and charge have been affected and registered in accordance with the law of the state in which the vessel is registered be the register of an instrument requirement required to be deposited with the register in the accordance with the law of the state in which the vessel is registered or open to public inspection landed extract from the register and copies of such instruments are obtainable from the register and see either the register of any instrument referred to in separate crappy specify at least the name and address of the person in rules favor the mortgage people take our charge has been affected that it has been issued to be below the 

maximum amount secure if there is requirement of the law of the state of registration or if the amount is specified in the instrument creating the mortgage he put a q or charge it and the date another particular which according to the law of the state of registration determine the ranking in relation to other to other register mortgage ebook take use and charge article to ranking and effect of mortgage he put the kills and charged the ranking of the registered mortgage he protect use or charge as between themselves and without prejudice to the provisions of this convention terrific in regard to third party show be determined of the law of the state of registration however with the Prejudice to the professions of these conventions all models relating to the procedure of enforcement shall be regulated by the law of the state where enforcement takes place article 3 change of ownership of registration with the exceptions of the cases provided for an article 11 and 12. in all other cases the Intel the registration of the festival 

from the register of a state party such State party shall not permit the owner to the register the vessel unless of existed mortgage hypothetic use or charge or profusely deleted two or two written consequence of all herders of such mortgage I will take use or vessel is obtained however when the registration of the festival is obligatory in accordance with the law of a state party otherwise then as a result of voluntary sale the holders of register mode cage hypothetic use or charge shall be notified of defending the registrations in order to enable such holder to take appropriate action to protect their interests unless the other concerned that the registration shall not be implemented earlier than other labs of reasonable period of time they shall be no less than three months after the relevant notification to such holders two without prejudice to article 12 paragraph 5 a vessel which is or has been registered in state party shall not be eligible for registration in an another state party unless either a certificate a 

certificate has been issued by the Farmer State to the effect that the vessel has been the registered or be a certificate has been issued by the former state to the event that the vessel will be the register with the immediate effect at such time as the new registration is affected the date of the registration shall be the date of the United sessions of the vessel at Article 4 Maritime liens one each of the following claims against the owner Timmy Saturn manager or operator of the vessel shall be secured by ameritanian on a vessel a claims for wages and other sums due to the master advisors and other members of The Vessel complement in respect of their employment on the vessel including cause of repatriation and social insurance contribution viable on their behalf they claims in respect of loss of life or personal injury 

occurring further or land unwell on water in direct connection with the operations of the vessel see claims for reward for the selfish for the vessel tea claims for Port kennel and other Waterway juice and pilotage juice eat claims base on Thorn arising out of physical loss or damage caused by the operation of the vessel other than loss of the damage to Cargo containers and passenger effect carried on the vessel attached to a vessel secure claims at set which arise out of or result from a damage in connections with the carriage of oil or other hazardous or noxious substance spicy which for which compensations is payable to the claimants portion to the International Convention or national law providing for stretch liability and compulsory insurance or other means of securing the claims RP radioactive properties are a combinations of radioactive properties with toxic explosive or other 

hazardous properties often are clear for R of radioactive protects or less Article 5 priority of Maritime limits set out article for sheltered priority over the register mortgage come on I protect you and charge and no one I will claim shall take priority over such male family and however such mortgage hypothetic use or churches which comply with the requirement of Article 1 except as provided in paragraph 3 and 4 of article 12. two the meritamilian set out in article for Sheltering in the order listed provided however that Maritime securing claim for reward for the selfish of the vessel shall take priority over all other Maritime lions three the very timely and set out in each of supper recreps a b t and E Africa one of ethical for show brain paraiba so as between themselves the maritime Lynn securing claims for reward for the selfish of the vessel children's the inverse order of the time of claimants secured thereby accrued such claims shall be deemed to have accrued on the date of which each selfish operation Quest determinated so the time is up and the article will be continue to read in the next part bye bye and don't forget to like comment and subscribe bye