New Owner After The Claim Arose

New Owner After The Claim Arose

New Owner After The Claim Arose

  • Claim Type: Maritime Claim
  • Problem: Change of ownership

A vessel may change ownership after a maritime debt has arisen.

This does not mean that the legal consequences are automatically the same in every jurisdiction. The nature of the original claim must be examined to determine whether it is a personal claim against a debtor or whether applicable law gives the claim a right against the vessel itself.

This distinction can be critical when considering vessel arrest or enforcement.