Ship Mortgages under Portuguese Law – Law No. 56/2020
A ship mortgage is a legal instrument that allows a vessel to be used as security for a debt, much like a mortgage on real estate. On 27 August 2020, Law No. 56/2020 introduced significant changes to the rules governing ship mortgages registered under the Madeira International Shipping Register (MAR), by amending Decree-Law No. 96/89 […]
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