Commercial Maritime Law

1. In cases of co-ownership of a vessel, the majority vote shall be adopted in all decisions relating to its use, unless this Law stipulates or the owners agree otherwise. 2. A majority shall be reached by the agreement of owners of more than one- half of the vessel shares, unless the owners agree otherwise. 3. An owner from the minority objecting to the decision of the majority may, within 15 days from the date of its issuance, file a claim to cancel the decision with the competent court within whose jurisdiction the vessel registration Commercial Maritime Law office is located. The court may affirm or cancel the decision. The filing of such claim shall not result in a stay of execution of the decision unless the court so orders.