Maritime Risks and Credits: Financers and Guarantors. Should they play or should they stand behind the owner?

Maritime liens overcome the right of a creditor secured by a ship's mortgage. There have been different attempts to reduce the number of credits giving rise to a maritime lien, in order to protect financer's interests. An analysis of the evolution of this subject through the international...

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Autor principal: Guzmán Escobar, José Vicente
Formato: Artículo
Idioma:Inglés
Publicado: Universidad Externado de Colombia 2006
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Acceso en línea:http://dialnet.unirioja.es/servlet/oaiart?codigo=3623012
Fuente:Revista e-mercatoria, ISSN 1692-3960, Nº. 1, 2006, pags. 28-36
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Sumario: Maritime liens overcome the right of a creditor secured by a ship's mortgage. There have been different attempts to reduce the number of credits giving rise to a maritime lien, in order to protect financer's interests. An analysis of the evolution of this subject through the international maritime law is made and some questions are raised about future developments. The role of Guarantors of oil pollution risks under the CLC and Fund Conventions is analyzed and questions are posted about the structure for the recovery of damages under these conventions.