Commercial Maritime Law
Art. 39Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Each co-owner shall bear a percentage of the expenses and losses of the co-
ownership in proportion to his share in the vessel ownership unless agreed
otherwise, and shall have the same percentage in the net profit resulting from
the use thereof.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded