EASE OF INDONESIAN SHIP MORTGAGE EXECUTION FOR A SHIP THAT LOCATED OUTSIDE THE JURISDICTION OF THE STATE TO SUPPORT INTERNATIONAL SHIPPING BUSINESS

DOI

10.2991/iclgg-17.2018.13How to use a DOI?

Keywords

Mortgage, Ship as Mortgage Object, Execution

Abstract

Globalization continues to have a major impact on the economic aspect. The field of marine transportation plays an important role and becomes one of the supports to the smoothness of economic development. The shipping business development brings the consequences of increasing interest in credit with a ship as the collateral object through Mortgage. Globalization demands the shipping business to be across borders, the impact is when the ship is being Mortgaged, the execution of the ship itself when the debt matures will be difficult to be done, due to inadequate legal rules and not all countries have ratified the ship's arrest convention. This study aims to provide a solution in order to achieve ease of execution of the Mortgaged ship that have crossed the state border that will support the shipping business development. This is a normative research. The results of this study, it is required the regulatory equality or at least the regulations that fit the times, that regulate the institution of collateral with ship objects in various countries. This will provide recognition, and guarantee the settlement (execution) of ship Mortgage from a country in another country, whether the country has or has not ratified the ship’s arrest convention.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fani Putra
AU  - Agus Hernoko
PY  - 2017/11
DA  - 2017/11
TI  - EASE OF INDONESIAN SHIP MORTGAGE EXECUTION FOR A SHIP THAT LOCATED OUTSIDE THE JURISDICTION OF THE STATE TO SUPPORT INTERNATIONAL SHIPPING BUSINESS
BT  - Proceedings of the International Conference on Law, Governance and Globalization 2017 (ICLGG 2017)
PB  - Atlantis Press
SP  - 97
EP  - 103
SN  - 2352-5398
UR  - https://doi.org/10.2991/iclgg-17.2018.13
DO  - 10.2991/iclgg-17.2018.13
ID  - Putra2017/11
ER  -