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ARTICLE · 23 FEBRUARY 2021

Acquisition Of Ship's Property

In its basic sense, property gives the rightful owner rights, such as preservation, claim and ownership on the property they own. In the case of ships' property...

TurkeyTransport

In its basic sense, property gives the rightful owner rights, such as preservation, claim and ownership on the property they own. In the case of ships' property, the integral parts and accessories of the ship are evaluated within the scope of ownership. It is important to also and clearly identify issues that are not included in the property.1

In accordance with the Turkish Commercial Code articles 996 and 997 in line with the International Private Law in terms of the applicable law regarding ships; The Turkish Commercial Code will be applied to the vessels registered in the Turkish ship registry, and the provisions regarding movables will be applied in terms of ownership and limited real rights for the vessels not registered in the ship registry. As for ships that do not have a place of registration; real rights will be subject to the law of the place where they are located.2 In this article, the topics of acquisition of ship' s property will be included.

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