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International Convention on Maritime Liens and Mortgages 1993, Held at the Palais des Nations, Geneva, from 19 April to 6 May 1993
United Nations (UN)
copy @ Lex Mercatoria
1. The maritime liens set out in article 4 shall be extinguished after a period of one year unless, prior to the expiry of such period, the vessel has been arrested or seized, such arrest or seizure leading to a forced sale.
2. The one-year period referred to in paragraph 1 shall commence:
(a) with respect to the maritime lien set out in article 4, paragraph 1(a), upon the claimant's discharge from the vessel;
(b) with respect to the maritime liens set out in article 4, paragraph 1 (b) to (e), when the claims secured thereby arise;
and shall not be subject to suspension or interruption , provided, however, that time shall not run during the period that the arrest or seizure of the vessel is not permitted by law.
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