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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
Due to an increase in small boat accidents, the Small Passenger Vessel Act of May 10, 1956, was passed into law. The requirements of this act became effective on June 1, 1958, and provided that all vessels, regardless of size or propulsion, carrying more than six passengers for hire, be inspected by a Marine Inspector of the Coast Guard, and ...
The new boat was 56 ft (17.1 m) long, 18 ft (5.5 m) wide and 8 ft (2.4 m) depth, with a wooden hull. The boat was built by John Allan and the engine by the Carron Company. The first sailing was on the canal in Glasgow on 4 January 1803, with Lord Dundas and a few of his relatives and friends on board. The crowd were pleased with what they saw ...
The Belle's new owners raised the boat from the riverbottom and planned to move the vessel upstream for repairs. [11] However, a lack of engines and expensive repairs that proved necessary before the vessel could be moved [ 12 ] meant that the restoration of the vessel was economically unfeasible, and the Brazos Belle was sold for scrap, [ 10 ...
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