Notice of Claim of Lien
BoatWiki - Definitions
Definition
A notice of claim of lien can be defined in USCG vessel documentation terms as the recording of a maritime lien. Such liens include goods, services, wages, liabilities and other items necessary for the vessel's operational needs or actions resulting from it's operation. It can be unilaterally filed by a claimant without the owner's consent. The notice of claim of lien is also referred to as a claim of lien or lien claim.
Meaning
This notice is only a means of publicizing the claim and does not connote its validity. In order to foreclose it would take further actions afforded by law.
Context
The claim of lien can only be filed on a vessel that is currently documented or in the process of becoming documented. It is recorded on the vessel's underlying abstract of title and remains current for a period of three years or until offset by a release of lien.
Conclusion
Claimants should be careful about filing false claims and must release them in a timely manner in order to avoid legal ramifications.
Credits and References
6/20/2022 - Page initiated by Team BoatWiki.
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