Enforcing security in cross-border ship finance: considerations for a lender | Practical Law
This note looks at practical considerations for a lender enforcing security in a cross-border ship financing. It considers the typical key forms of security, with particular focus on the ship mortgage, how each type of security may be enforced in practice and the common challenges a lender can face in the enforcement process. The note also examines the role of manager's undertakings and the impact of charters on mortgage enforcement.