A legal procedure in admiralty law by which a claimant detains a vessel to obtain security for a maritime claim. Ship arrest is a powerful remedy available to creditors and can be executed in the port where the vessel is found, regardless of the vessel's flag or the owner's nationality.
Category: Maritime Law & Regulations
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BareconA standard bareboat charter party form published by BIMCO, widely used in the shipping industry for bareboat or demise charter agreements.CabotageThe restriction of commercial shipping operations within a country's coastal waters to vessels flying the national flag.Classification SocietyAn organization that establishes and maintains technical standards for the construction and operation of ships and offshore structures.Flag StateThe country in which a vessel is registered and whose flag it flies.General AverageA principle of maritime law under which all parties to a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.IMOThe International Maritime Organization, a specialized agency of the United Nations responsible for regulating shipping.
Back to DictionaryEntry updated May 2026