The provisions of this chapter apply to ships and other seagoing vessels. This chapter also applies to personal watercraft as defined in article 240-1.02 5 of division 240 annexed to the decree of 23 November 1987 on ship safety. This chapter, with the exception of Article 218, also applies to maritime drones as defined in Article L. 5000-2-2 of the Transport Code. For the purposes of this chapter, maritime drones…
1. Subject to the provisions of 2 below, articles incorporated into French ships outside the Customs territory are treated as if they were imported directly into the part of the Customs territory where the home port is located, to be used for the same purpose. However, subject to the provisions relating to value added tax, there is exemption from all duties and taxes when the amount of repairs does not…
1. Any ship that has been registered in one part of the Customs territory and transfers its port of registry to another part of the same territory is required to pay any difference that may exist between the customs duties, duties and taxes, other than those mentioned in the code of taxes on goods and services, previously paid and those payable in the place where the new port of registry…
Ships and other seagoing vessels, including maritime drones as defined in article L. 5000-2-2 of the French Transport Code, which have been registered are subject to mortgages, unless they have been registered because they meet the conditions defined in 3° of article L. 5112-1-3 of the French Transport Code. They may only be encumbered by conventional mortgages. To be valid, mortgages must be in writing.
The mortgage may only be granted by the owner of the building or by his authorised representative with a special mandate.
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.
A mortgage granted on a seagoing vessel or on an undivided share of the vessel extends, unless otherwise agreed, to the body of the vessel and to all accessories, machinery, fittings and tackle. It does not extend to the cargo.
The mortgage can be granted on a seagoing vessel under construction.
The conditions under which the mortgage is made public and retained are set by decree.
1. If there are two or more mortgages on the same building or on the same share of ownership of the building, the rank is determined by the order of priority of the dates, times and minutes of registration. 2. Mortgages registered on the same day, at the same time and at the same minute compete with each other.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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