How to Mortgage a Ship by Osinuga Damilola

How to Mortgage a Ship by Osinuga Damilola

Ship mortgage is a form of security wherein the ship-owner (“Mortgagor”) gives a lender (“Mortgagee”) an interest in a ship as security for a loan via a Deed and same is discharged upon repayment of the loan. Mortgages may either be equitable or statutory. The...