Waiver of Maritime Lien

Wednesday, October 26, 2005
The U.S. Court of Appeals for the First Circuit ruled that a letter from the holder of a maritime lien to the vessel owner that the lien holder was pursuing the dispute in a non-federal court and that it had no objection to sale of the vessel constituted a waiver of the maritime lien. In the instant case, the port authority had provided long-term berthing space to a vessel. The berthing fees were unpaid due to a dispute between the port authority and the vessel owner over the adequacy of the facilities. In order to expedite the sale and removal of the vessel, the port authority provided the vessel owner with a letter stating that it had no objection to the sale of the vessel and that the on-going dispute over berthing charges was being controverted in local court. The day after the sale was consummated, the port authority asserted its maritime lien and had the vessel arrested. The court held that the port authority had taken affirmative and purposeful steps to lead third parties to believe that it was foregoing the maritime lien. Puerto Rico Ports Authority v. Barge Katy-B, No. 05-1016 (1st Cir., HK Law).

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0738 sec (14 req/sec)