Subrogation is an important right of remedy for ship mort-gagees in case that the mortgaged shiPs suffers miss, loss, damageand/or expropriation. This article discusses three topics on this sub-ject and conc1udes that...Subrogation is an important right of remedy for ship mort-gagees in case that the mortgaged shiPs suffers miss, loss, damageand/or expropriation. This article discusses three topics on this sub-ject and conc1udes that there are many miss and/or defaults inPRC’s present related laws and regulations, and that law reform isnecessary to improve China’s legal circumstances for ship mortgagefinance.展开更多
In shipping practice, it’s a normal phenomenon that one ad-vances money to the debtor to pay off a third party’s claims.When the debt paid thereof is one of priority, i. e- one secured by maritime lien, possessory l...In shipping practice, it’s a normal phenomenon that one ad-vances money to the debtor to pay off a third party’s claims.When the debt paid thereof is one of priority, i. e- one secured by maritime lien, possessory lien or mortgage etc., such as seamen’s wages, ship-repairing costs, ship’s necessaries and so on, disputes arises as to what rights and remedies are vested in the one who advanced the money. This article deals with the subject in the aspects of jurisprudence, legislation and practice,and concludes that one who advanced the money to discharge a debt gets rights and remedies of equal dignity with the one dis-.charged.展开更多
文摘Subrogation is an important right of remedy for ship mort-gagees in case that the mortgaged shiPs suffers miss, loss, damageand/or expropriation. This article discusses three topics on this sub-ject and conc1udes that there are many miss and/or defaults inPRC’s present related laws and regulations, and that law reform isnecessary to improve China’s legal circumstances for ship mortgagefinance.
文摘In shipping practice, it’s a normal phenomenon that one ad-vances money to the debtor to pay off a third party’s claims.When the debt paid thereof is one of priority, i. e- one secured by maritime lien, possessory lien or mortgage etc., such as seamen’s wages, ship-repairing costs, ship’s necessaries and so on, disputes arises as to what rights and remedies are vested in the one who advanced the money. This article deals with the subject in the aspects of jurisprudence, legislation and practice,and concludes that one who advanced the money to discharge a debt gets rights and remedies of equal dignity with the one dis-.charged.
