What is the concept of maritime liens under Admiralty Law?
Maritime liens are a type of lien, or legal claim, that exists under Admiralty Law in South Carolina. A maritime lien is a special type of lien, giving the holder of the lien a right to have their claim satisfied out of the proceeds of the sale of a vessel or goods used in maritime trade, before any other creditors. Maritime liens arise from a contract between two parties, an act of God, or a tortious act made by someone. A maritime lien is unique in that it attaches itself to the vessel, no matter who owns it. This means that a maritime lien will stay with a vessel, even if it is sold. A maritime lien is particularly powerful, and may be enforced by a court through the arrest of a vessel. Under Admiralty Law in South Carolina, there are certain situations which will give rise to a maritime lien. This includes services provided to a vessel, such as repairs, provisioning, or supplies, labor on a vessel, and supplies of fuel, towage, and pilotage. Maritime liens may also arise for any damage or loss caused by a vessel. Maritime liens are a powerful tool for creditors in South Carolina, allowing them to secure a claim for damages or payment against a vessel or goods used in maritime trade. It is important to note that these maritime liens are limited to goods used in maritime trade, and do not extend to real estate.
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