摘要
The pioneering stipulation of article 15 and 20 in The Mandime Cnd of PRC pay special attention to the relationship between ship mortgage and marine insurance. In practice marine insurance is a vital part of a ship finance package. The priority vested in the ship mortgagee may be impaired by the acts of the ship mortgagor.Therefore,a properly worded deed of covenants is needed in China.An effective hull insurance and assignment of insurance ensures the ship mortgagee (the bank) may claim and receive directly the insurance proceeds in the event that the mortgaged ship is lost.
The pioneering stipulation of article 15 and 20 in The Mandime Cnd of PRC pay special attention to the relationship between ship mortgage and marine insurance. In practice marine insurance is a vital part of a ship finance package. The priority vested in the ship mortgagee may be impaired by the acts of the ship mortgagor.Therefore,a properly worded deed of covenants is needed in China.An effective hull insurance and assignment of insurance ensures the ship mortgagee (the bank) may claim and receive directly the insurance proceeds in the event that the mortgaged ship is lost.
出处
《中国海商法年刊》
1994年第1期159-167,共9页
Annual of China Maritime Law
