Title: Distinctiveness of the legal system of the possessory lien on vessel
Abstract: This paper mainly studies the particularity of possessory lien on vessel under Maritime Code of P.R.C.The legal definitions of the possessory lien on vessel,the general lien and the general lien on vessel under civil law were compared in the paper.The particular contents of the contract,the ownership of the vessel,the order of priority and the way of enforcing the right are analyzed.Finally,the paper draws the conclusion that the regulations about the general lien are not completely applicable to the possessory lien on vessel and can not fairly and effectively solve the various problems in practice relating to the possessory lien on vessel,and it is necessary and appropriate to establish a separated legal system of possessory lien on vessel in Maritime Code of P.R.C.to clarify all aspects of this distinctive lien and safeguard the lawful interests of relevant parties.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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