Complexities of maritime liens

02.2.2017

  |  

08:03 pm

Because maritime lien law is complicated, you should consult a lawyer who is knowledgeable in this specific area of law.
The following complexities are characteristic of maritime liens:

  • Some maritime liens attach to borrowed or leased equipment on the vessel.
  • The lien remains attached to items when removed from the vessel.
  • Other types of maritime liens do not attach to borrowed or leased equipment.
  • Invalid maritime liens can result in severe sanctions against the creditor and creditor’s attorney in federal court.
  • Services to new boats never launched are not subject to maritime liens.
  • Breach of contract for vessel purchase is not subject to maritime lien.
  • Recordings of maritime liens are not subject to UCC regulations and are optional, resulting in secret liens.

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