California Harbors and Navigation Code 452 – The master of a vessel may hypothecate it upon bottomry only for the …
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The master of a vessel may hypothecate it upon bottomry only for the purpose of procuring repairs or supplies which are necessary for accomplishing the objects of the voyage, or for securing the safety of the vessel.
(Enacted by Stats. 1937, Ch. 368.)
Terms Used In California Harbors and Navigation Code 452
- Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21
