Enforcement of Maritime Claims



23.1 Priority of claims implies that there is competition between interests which (i) are not only enforceable against the person creating them but are based on an interest in the asset itself,1 and (ii) when regarded individually are valid and enforceable through the asset, i.e. they are “proprietary”.2 Priority becomes important when the total amount of all valid proprietary claims exceeds the total value of assets available to meet them.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.