section 10
Order of priority of maritime claims.
The Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017Infrastructure201718 sections4 chapters
Chapter II ADMIRALTY JURISDICTION AND MARITIME CLAIMS
Statutory text
- (1) The order of maritime claims determining the inter se priority in an admiralty proceeding shall be as follows:—
- (a) a claim on the vessel where there is a maritime lien;
- (b) registered mortgages and charges of same nature on the vessel;
- (c) all other claims.
- (2) The following principles shall apply in determining the priority of claims inter se—
- (a) if there are more claims than one in any single category of priority, they shall rank equally;
- (b) claims for various salvages shall rank in inverse order of time when the claims thereto accrue.
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