Alqanoni

Commercial Maritime Law

Art. 51
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Liens relating to a single voyage shall be arranged in accordance with Article 46 of this Law. 2. Liens stipulated in each paragraph of Article 46 shall be of equal rank, and their share in distribution shall be proportionate to their respective value. 3. The liens stipulated in Article 46(4) and (6) shall be, with each individual paragraph taken separately, ranked in reverse order of the date on which each lien arose. 4. Liens relating to a single incident shall be deemed to have arisen on the same date.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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