The EU ratifies the international convention on judicial sales of ships approved in Beijing
18 May 202641 views
Who is affected:
Shipping companies, shipowners, banks, maritime creditors and buyers of ships in judicial auctions
Summary
The European Union adheres to the UN convention that regulates the international effects when a ship is sold by judicial order. This provides legal certainty to buyers and creditors in cross-border maritime operations.
Detailed analysis
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The EU Council approves the celebration of the Beijing Convention on Judicial Sales of Ships, a UN treaty that establishes a uniform framework for internationally recognizing forced sales of vessels ordered by courts. The Convention guarantees that the buyer acquires the ship free of charges, mortgages and prior encumb…
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OJ:L_202601099: Decisión (UE) 2026/1099 del Consejo, de 27 de abril de 2026, relativa a la celebración, en nombre de la Unión Europea, de la Convención de las Naciones Unidas sobre los Efectos Internacionales de las Ventas Judiciales de Buques («Convención de Beijing sobre las Ventas Judiciales de Buques»)
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