What are the primary statutes of Admiralty Law?
Admiralty law is the body of laws that govern the maritime and shipping industry in Oklahoma and around the world. In Oklahoma, the primary statutes of Admiralty Law are the Federal Maritime Lien Act of 1910 and the Federal Maritime Act of 1920. The Federal Maritime Lien Act of 1910 gives vessel owners and creditors the right to place a lien on a vessel for any unpaid debt. This lien offers them more protection than traditional debt collection methods. It also provides protection for foreign creditors against domestic vessel owners. The Federal Maritime Act of 1920 defines the rules and regulations governing the operation of vessels and docks within the state’s jurisdiction. This includes a requirement for vessel owners to have liability insurance coverage. This law also gives the government the power to enforce the shipping regulations in order to protect the environment, public safety, and the economy. In addition, the state legislature has enacted laws related to Admiralty Law. These laws include the Oklahoma Harbor Security Act of 2010 which governs port security operations and the Oklahoma Maritime Shipping Law of 2016 which sets limits on the fees charged to vessels entering the state’s ports. Admiralty law is complex and ever-changing. It is important to stay up to date on the laws and regulations that govern the maritime industry in order to ensure the safety and security of those operating in the industry and the environment.
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