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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.
The FIO operates several smaller ships, as well as two research vessels. The flagship of the institute is R/V Weatherbird II, a 115-foot, 194-ton vessel, that was acquired and renovated in 2009, and soon made national headlines as one of the most active research vessels during the 2010 Deepwater Horizon oil spill .
The United States Merchant Marine [1] [2] is an organization composed of United States civilian mariners and U.S. civilian and federally owned merchant vessels.Both the civilian mariners and the merchant vessels are managed by a combination of the government and private sectors, and engage in commerce or transportation of goods and services in and out of the navigable waters of the United ...
According to an agenda request document from the Okaloosa County Commissioners in Florida, the Spirit of Norfolk and the Skippin Sue, a vessel owned by Coleen Marine Inc, were sold for $740,000 to ...
The Merchant Marine Act of 1920 is a United States federal statute that provides for the promotion and maintenance of the American merchant marine. [1] Among other purposes, the law regulates maritime commerce in U.S. waters and between U.S. ports. Section 27 of the Merchant Marine Act is known as the Jones Act and deals with cabotage ...
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