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A Critical Benefit Of The Maltese Maritime Flag: Court-Approved Private Sales - Transport

To print this article, all you need is to be registered or login on Mondaq.com. The continued success of the Maltese Maritime Flag can be greatly attributed to the protection given to financiers and creditors of vessels registered under the Maltese Flag. A judicial sale, as defined by Lief Bleyen, is the " sale of a ship by a competent authority by way of public auction or private treaty...by which Clean Title to the Ship is acquired by the Purchaser and the proceeds of ...
Maritime International Code Of Organisation International Working Group United Nations Commission On International Trade Law Maltese Maritime Flag
Source: mondaq.com

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