Liens on the Vessel Usually the Contract provides expressly for two Liens on the vessel: (a) one in favor of the builder/seller for the unpaid portion of the contract price; and (b) the other in favor of the buyer. The two liens are usually mutually exclusive, in the sense that the owners lien covers the […]

The post Yacht Building Contracts – Liens, Insurance, Delivery – Part Five appeared first on The Yacht Owner - Choose Smart for Happy Sailing!