Ship ownership is an important element of maritime trade. Ownership of a ship means complete control and disposition over the ship. In this article, we will examine in detail how ship ownership is acquired, registration and cancellation procedures.
Acquisition of Ship Ownership:
Ship ownership can be acquired in various ways:
• Purchasing: The most common method is to purchase the ship from the dealer. The sales contract must be made in writing and registered in the ship registry.
• Construction: Ownership of a ship can also be acquired by having it built in a shipyard.
• Inheritance: In case of death of the shipowner, the property passes to his heirs.
• Statute of Limitations: A person who has possessed the ship for 10 years without any lawsuits or interruptions can also acquire ownership of the ship through statute of limitations.
Registration of Ship Ownership:
Ship ownership becomes valid against third parties after it is registered in the ship registry. Registrations are made at ship registry offices. The following documents must be submitted for registration:
• Sales contract or document from the shipyard that built the ship
• Other documents showing the transfer of ownership
• Ship passport
• Ship measurement certificate
• Ship insurance policy
Deletion of Ship Ownership:
When ship ownership ends, it must be deleted from the ship registry. For cancellation, the following documents must be submitted:
• Document showing the end of ownership (e.g. sales contract, inheritance certificate)
• Ship passport
• Ship measurement certificate
Points to Consider Regarding Ship Ownership:
• Ship ownership must be documented with an official document.
• Ship ownership becomes valid against third parties after it is registered in the ship registry.
• When ship ownership ends, it must be deleted from the ship registry.
• For transactions regarding ship ownership, you must apply to ship registry offices.
This blog post is for informational purposes only. It is recommended that you consult an attorney before taking legal action