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Yacht Building Contracts – Liens, Insurance, Delivery – Part Five

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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 […]

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Yacht Building Contracts – Liens, Insurance, Delivery – Part Five

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