Introduction
The commercial enterprise pledge, which is of great importance
in business transactions as a type of security, is regulated under
the Commercial Enterprise Pledge Act ("CEPA") No. 1447.
In this article, pledges containing ships that are elements of a
commercial enterprise regarding which a commercial enterprise
pledge will be established will be examined considering the
provisions regulating the commercial enterprise pledge and ship
mortgages.
Commercial Enterprise Pledge
The commercial enterprise pledge agreement is defined in Art. 2
of CEPA. As per this article: "The commercial enterprise
pledge agreement is concluded by and between credit institutions
having legal personalities and which are established as
corporations, real persons or enterprises having legal
personalities active in sale of goods on account and cooperatives
on one side and real persons or legal entities owning a commercial
enterprise on the other." The scope of this
