Class 1 (Chief Engineer) Engineering Management 📅 Apr 2024

Exam Question

What is Maritime Lien? How does this lien travel with property? Explain the associated terms "In Rem" and "In personam". Which convention deals with maritime lien? Give the order of settlement of various debtor's claims after legal action as per this convention. (16)

Reference Answer

### 1. Definition of Maritime Lien
A Maritime Lien is a privileged, non-possessory claim upon maritime property (known as the "res") for services rendered to it or for injury caused by it. It is a unique feature of maritime law.
**Key Characteristics:**
* **Privileged Claim:** It holds a very high priority in the event of a judicial sale, often ranking above other claims like mortgages.

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