Enforcement of security rights over seagoing ships, aircraft, and trains in international treaties

Abstract

This article focuses on the enforcement of security rights over seagoing ships, aircraft, and trains in several international treaties. It contains a largely chronological overview of the relevant international instruments and their scope of application. In addition, this contribution addresses both the conflict-of-laws provisions and the substantive law provisions on the enforcement remedies at the secured creditor's disposal, including procedural aspects of enforcement such as notice requirements, the conditions for a purchaser to obtain ‘clean title’, and de- and reregistration. The comparison of existing rules offers insights for further alignment of the international legal framework for the enforcement of security rights over seagoing ships, aircraft, and trains.