Mortgage Encumbrance of Ships in Bank Credit Agreements Reviewed From Legal Certainty

The bank when granting or disbursing credit is usually preceded by an agreement called a draft loan agreement. In the credit agreement, collateral is included, as a guarantee when repaying credit if the debtor defaults. In banking practice, especially credit problems, various collateral institutions are known, each of which has different characteristics. Meanwhile, in terms of objects, there are collateral institutions that own movable and inanimate objects. The formulation of the problem in this paper is How is the encumbrance of ship mortgages in bank credit agreements viewed from the perspective of legal justice? The type of research used in this research is normative law. Procedures for encumbering mortgages on ships in bank credit agreements registered holders and registrars review the completeness of administration in less than 5 (five) days from the time the application documents have been summarized. Vessels that have been entered in the shipping list as well as other vessels in process and parts of such vessels can be granted mortgage rights.