Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Ship Mortgage Act

Read a random definition: equivalence of advantages

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
I got one answer so far from Mizzou and I was WL'ed but hey it's not the end it's just the beginning
that was Friday
WorthlessAttractiveZombie
14:26
keep swinging until you hear a bell
14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
LSD+ is ad-free, with DMs, discounts, case briefs & more.