International Convention on Maritime Liens and Mortgages
- Type: Convention
- Date of signature: 06/05/1993
- Place of signature: Geneva, Switzerland
- Depositary: Secretary-General of the United Nations
- Date of entry into force: 05/09/2004
What is it about?
This Convention deals with the recognition and enforcement of mortgages, ‘hypothèques’ and charges, maritime liens, rights of retention in respect of vessels, notice and effects of forced sale and the temporary change of flag of a vessel.
Why is it relevant?
This Instrument attends the desirability of uniformity by a legal instrument in the field of maritime liens and mortgages, improving conditions for ship financing and the development of national merchant fleets.
All matters related to the procedure of enforcement are not covered by this Convention. Therefore, they should be regulated by the law of the Government where enforcement takes place.
- Convention on the International Maritime Organization (Geneva, 6/03/1948)