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Simple English definitions for legal terms

letter of undertaking

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A quick definition of letter of undertaking:

A letter of undertaking is an agreement made by a shipowner to prevent their ship from being seized by creditors. The shipowner agrees to provide security for the ship and promises to pay any debts owed, even if the ship is lost. This letter is often issued by the shipowner's insurance company. It helps to avoid court costs and the inconvenience of having the ship arrested. The letter is treated as if the ship had been seized and released on bond, which saves time and money for everyone involved.

A more thorough explanation:

A letter of undertaking is an agreement made by a shipowner to prevent creditors from seizing their ship. The shipowner agrees to post security on the ship and to acknowledge ownership. They also agree to pay any final decree entered against the vessel, whether it is lost or not. This letter is often issued by the shipowner's liability insurer.

For example, if a shipowner owes money to a creditor, the creditor may try to seize the ship to get their money back. However, if the shipowner provides a letter of undertaking, the creditor will not be able to seize the ship. Instead, the shipowner agrees to pay the creditor's claim.

Letters of undertaking are useful because they save court costs and avoid the inconvenience of having the ship arrested. They are treated as though the ship has been seized, and the shipowner has filed a claim and executed a stipulation to abide by decrees with sureties. This avoids needless cost, time, and inconvenience to everyone involved.

letter of the law | letter rogatory

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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