Mortgage Encumbrance of Ships in Bank Credit Agreements Reviewed From Legal Certainty
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 01
Abstract
The bank when granting or disbursing credit is usually preceded by an agreement called a draft loan agreement. In thecredit agreement, collateral is included, as a guarantee when repaying credit if the debtor defaults. In banking practice, especiallycredit problems, various collateral institutions are known, each of which has different characteristics. Meanwhile, in terms ofobjects, there are collateral institutions that own movable and inanimate objects. The formulation of the problem in this paper isHow is the encumbrance of ship mortgages in bank credit agreements viewed from the perspective of legal justice? The type ofresearch used in this research is normative law. Procedures for encumbering mortgages on ships in bank credit agreementsregistered holders and registrars review the completeness of administration in less than 5 (five) days from the time the applicationdocuments have been summarized. Vessels that have been entered in the shipping list as well as other vessels in process and partsof such vessels can be granted mortgage rights.
Authors and Affiliations
Yune Indrawan, Sukamto Satoto, DWI Suryahartati
Keywords
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- EP ID EP729471
- DOI 10.47191/ijmra/v7-i01-39
- Views 29
- Downloads 0
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