Commercial Maritime Law
Art. 88Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The winning bidder shall pay 20% of the price upon award of the bid and deposit
the remaining amount and expenses in the court treasury within a maximum of
seven days from the date of awarding the bid; otherwise, the vessel shall be
resold at his liability.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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