What is a maritime lien?

A maritime lien is a right to payment arising out of the use of a vessel or related services. Maritime liens are recognized under New York maritime law and are typically used to secure payment of maritime claims. These liens are typically established when there is a contract or agreement between two parties involving the use of a vessel, either for trading purposes, or for recreational purposes. A maritime lien is a special type of lien which attaches to the vessel itself, so that the debtor is unable to sell the vessel without first paying the creditor the due amount. Moreover, these types of liens are unique in that they are ‘in rem’ liens, meaning that they can be enforced against any property of the debtor, even if it is located elsewhere. Furthermore, maritime liens are preferred liens, meaning that they have priority over other types of liens. Maritime liens allow creditors to pursue a debtor’s vessel or related property even after their agreement has ended, and can be used to protect services and goods provided directly related to the vessel. These liens are typically released upon satisfaction of the debt due. Additionally, New York maritime law also allows for the enforcement of maritime liens on vessels located outside of the state.

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What is a maritime lien?

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