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Home / Laws / Article 214. The order of satisfaction of claims secured by the mortgage of a vessel of the Merchant Shipping Act

Article 214. The order of satisfaction of claims secured by the mortgage of a vessel of the Merchant Shipping Act

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 214. The order of satisfaction of claims secured by the mortgage of a vessel of the Merchant Shipping Act

      1. If the vessel on which the mortgage is established becomes the subject of another mortgage in order to secure other claims of the mortgagor, the claims of the subsequent mortgagee are satisfied after the claims of the previous mortgagees. The order of satisfaction of such claims secured by the mortgage of the vessel is determined by the date of state registration of the mortgage.  

      2. The order of satisfaction of claims arising from obligations secured by the mortgage of a vessel or a vessel under construction, provided for in paragraph 1 of this article, may be changed by agreement of the mortgagor and the mortgagees. Such an agreement is subject to state registration in the State Ship Registry of Naval Vessels, the ship Register or the register of ships under construction.  

 

 

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     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

 

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