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LSDefine

Simple English definitions for legal terms

Ship Mortgage Act

Read a random definition: de pace et roberia

A quick definition of Ship Mortgage Act:

The Ship Mortgage Act is a law that helps people who provide supplies or maintenance to ships registered in the United States. It allows them to enforce their right to be paid for their services. This law applies to all U.S. vessels and is designed to protect those who work on them.

A more thorough explanation:

The Ship Mortgage Act is a federal law that governs mortgages on ships that are registered as U.S. vessels. The law provides for the enforcement of maritime liens in favor of those who provide supplies or maintenance to the vessels.

For example, if a company provides fuel or repairs to a ship, they may have a maritime lien on the vessel. This means that if the ship owner fails to pay for the services, the company can take legal action to enforce the lien and potentially seize the ship to satisfy the debt.

The Ship Mortgage Act is important for the maritime industry because it helps to ensure that suppliers and service providers are able to recover the costs of their work. It also provides a framework for ship owners to obtain financing by using their vessels as collateral for loans.

shipment | shipowner-negligence doctrine

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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