Section 8
Vesting of rights on sale of vessels.
The Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017
About this Act
An Act to consolidate the laws relating to admiralty jurisdiction, legal proceedings in connection with vessels, their arrest, detention, sale and other matters connected therewith or incidental thereto.
On the sale of a vessel under this Act by the High Court in
exercise of its admiralty jurisdiction, the vessel shall vest in the purchaser free from all encumbrances,
liens, attachments, registered mortgages and charges of the same nature on the vessel.