Commercial Maritime Law
Art. 97Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If a vessel owner satisfies the debts of one of the creditors prior to distribution
of the amounts designated for compensation, he may replace said creditor
in the distribution to the extent of the amount he paid.
2. The court may, at the request of the vessel owner, retain for a period
specified thereby a portion of the amounts designated for compensation to
satisfy a debt that the owner establishes that he might be obliged to pay.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded