A ship arrest is a legal process in which a vessel, whether it be commercial or military, can have its movement restricted by law. Ship arrests are most often associated with unpaid debts to creditors or cargo owners.
Well, the answer to why they happen is quite simple: if your vessel cannot pay for the goods it has delivered, you will likely end up being arrested and unable to sail again until you settle all of your debt.
Ship arrests happen when the government seizes a vessel because of unpaid debts. Some people think that Singapore ship arrest is just for large ships, but it can also occur to smaller boats.
If you have been arrested in the past, it will be very difficult to get another arrest later on down the line. This blog post discusses how ship owners can protect themselves from being arrested in the future and what they should do if they are currently under arrest or have received notice that their boat may be contained soon.
Ship arrests are legal processes that restrict the movement of vessels by law. They happen if a vessel cannot pay for goods it has delivered and receive debts from creditors or cargo owners.
There is not much you can do about this, but there are ways to prevent your boat from becoming arrested in the future. If you have been charged before, you can also use these methods to release it.
– Keep your paperwork in order
– Have a valid maritime mortgage
– Make sure you have a good lawyer
The Final Word
If you take these precautions, you can help ensure that your boat stays out of legal trouble and is free to sail the seas.