Where the vessel is operated in joint ownership, each joint owner may mortgage his undivided share in the vessel.
The manager may mortgage the vessel with the consent of a majority of interests representing three quarters of the value of the vessel.
Articles in this section · 5
Updated 8 Nov 2023
Where the vessel is operated in joint ownership, each joint owner may mortgage his undivided share in the vessel.
The manager may mortgage the vessel with the consent of a majority of interests representing three quarters of the value of the vessel.

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