Class 1 (Chief Engineer) Engineering Management 📅 Apr 2023

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 unique, privileged legal claim upon maritime property (the *res*), such as a vessel, its cargo, or its freight earnings, to secure a debt or claim arising from a maritime service or tort.
Key characteristics are:
* **Privileged Claim**: It holds a very high priority, often ranking above other claims like registered mortgages.

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