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Paragraph 21 of schedule 1 to the Merchant Shipping Act 1988 provides that "a registered ship, or a share in any such ship, may be made a security for the repayment of a loan or the discharge of any other obligation; and on production of the instrument creating any such security (referred to in this Act as a mortgage), the registrar of the ship ...
A charge-off is a debt that has gone continuously unpaid for a sufficient amount of time — usually around 180 days — and that the creditor has given up on trying to collect. Up to this point ...
A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.
A Continuous Certificate of Discharge or Continuous Discharge Certificate (C.D.C.) is a seafarer's identity document issued by his country. [1] This document certifies that the person holding this is a seaman as per The International Convention on Standards of Training, Certification and Watch keeping for Seafarers (), 1978, as amended 2010.
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The charge-off amount is the value the lender invests in the vehicle, which might also include security interest, collections efforts, and profits earned if they can sell the vehicle. If the ...
The final inspection of underwater parts is located in the dry dock of the port of delivery. To obtain the certificate of class with regards to safety, a survey of the ship's bottom and underwater parts is conducted by the surveyor of the classification society. The surveyor may make recommendations for the repairing of the ship which affect ...
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