Article 208. The right to hold a vessel or a vessel under construction of the Merchant Shipping Act
1. To ensure the requirements arising in connection with the construction of a vessel, as well as the repair of a vessel, including its reconstruction, shipbuilding and ship repair organizations (contractors) have the right to retain such a vessel, the remnants of unused materials and other property of the customer until the customer pays the appropriate amounts.
2. The right of retention of a vessel provided for in paragraph 1 of this article shall terminate at the moment when the vessel or a vessel under construction leaves the possession of a shipbuilding or ship repair organization (contractor), unless this is the result of its arrest.
3. In case of forced sale of a vessel or a vessel under construction, shipbuilding and ship repair organizations (contractor) have the right to satisfy their claims at the expense of the amount earned from the sale of such a vessel, in accordance with paragraph 4 of Article 220 of this Law.
The Law of the Republic of Kazakhstan dated January 17, 2002 No. 284.
This Law defines the legal, organizational, economic and international foundations of public administration in the field of merchant shipping and regulates relations related to the transportation of passengers, baggage and cargo, ensuring safety in maritime transport and environmental protection.
President
Republic of Kazakhstan
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