SHIP MORTGAGE ACT

ship mortgage act

Ship Mortgage Act. A federal law regulating mortgages on ships registered as U.S. vessels by, among other things, providing for enforcement of maritime liens in favor of those who furnish supplies or maintenance to the vessels. 46 USCA §§ 30101, 31301–31343. [Cases: Shipping 32. C.J.S. Shipping §§ 63–67.]

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