Ship Arrest In Nigeria

Introduction

Essential to the practice of maritime law in any country is the knowledge of the procedure which provides pre-judgment security for claims as well as post-judgment execution where a suit is successful. Pre-judgment security is very key to the maritime creditor who is faced with the threat of being unable to recover his debt from an impecunious or unscrupulous debtor if the debtor's ship should sail away without the debt (or liability as the case maybe) been paid or settled. Similarly, the possibility of post-judgment execution, by way of judicial sale of the arrested ship remains a key consideration for maritime creditors concerned over the solvency of their debtors and their willingness to settle claims.²