By Yasmine EDDAM
17 April 2025
Like any human enterprise or legal structure, ship co-ownership has a limited lifespan. Whether through the will of the co-owners, the force of events or a court decision, the shared adventure around the vessel will one day come to an end. How does this happen in practice? What are the causes that can lead to the dissolution of this very special arrangement? And what are the consequences, in particular the sale of the vessel and the division of any remaining assets or liabilities? The dissolution of joint ownership of a vessel can occur for a variety of reasons, whether economic, legal or even personal. For a comprehensive understanding of the rights and obligations associated with this regime, consult our essential guide to joint ship ownership. Sometimes, persistent disagreements between co-owners, who had set up joint ownership of a vessel with common objectives in mind, can lead to...
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