GroundRules
HNC § 472
Where this section sits in the code
- Harbors and Navigation Code - HNC
- DIVISION 3. VESSELS [399. - 786.]
- CHAPTER 2. Civil Actions and Liens [450. - 509.]
- ARTICLE 2. Respondentia [470. - 474.]
The master of a vessel may hypothecate its cargo upon respondentia only if all of the following conditions exist:
(a) He would be authorized to hypothecate the vessel and freightage.
(b) He is unable to borrow sufficient money on the vessel and freightage for repairs or supplies which are necessary for the successful accomplishment of the voyage.
(c) There is a reasonable prospect of benefiting the cargo.
Collected 2026-09-14T05:56:33Z. Source file · JSON