Should a notice of lien be registered with the National Vessel Documentation Center?
A preferred ship mortgage must be registered to create a lien. No other maritime lien need be registered at the NVDC or anywhere else to be valid. But registration may extend the life of a lien by precluding a claim of laches. Further, lenders and buyers who have learned of a lien on file may require a vessel owner to pay off the debt or obligation secured by the lien before proceeding with a loan or sale. Filing information can be found at www.uscg.mil/hq/g-m/vdoc/nvdc.htm.
Related Questions
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- Should a notice of lien be registered with the National Vessel Documentation Center?
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