us-gu · Through P.L. 38-133 (June 4, 2026)

18 GCA § 37101: What is Bottomry.

Where this section sits in the code

Title 18: Business Structure and Function
Division 2 - Commercial and Business Obligations
Part 2 - Liens
Chapter 37: Bottomry

Bottomry is a contract by which a ship or its freightage is hypothecated as security for a loan, which is to be repaid only in case the ship survives a particular risk, voyage, or period.

Collected 2026-09-27T03:56:38Z. Source file · JSON

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