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Beijing Convention on Judicial Sale of Ships Signed In Beijing

Wed, 25 Oct 2023
Categories: China Legal Trends

On 5 Sept. 2023, the signing ceremony of the “Beijing Convention on Judicial Sale of Ships” (北京船舶司法出售公约, hereinafter the “Beijing Convention”) was held in Beijing. It is believed to be the first United Nations convention in the field of maritime law to be named after a Chinese city.

The Beijing Convention was drafted by the United Nations Commission on International Trade Law (UNCITRAL) over a period of four years and was adopted by the UN General Assembly in December 2022.

The Beijing Convention aims to address cross-border recognition issues in the judicial sale of ships and to ensure the recognition of the title acquired by the purchaser of the ship in other contracting states.

Delegations from 34 countries and regions attended the signing ceremony in Beijing.

The initial signatories were 15 countries and regions, including China, Switzerland, Singapore, Saudi Arabia, Liberia, and Honduras.

Subsequently, the Convention will be open for signing by countries at the UN headquarters in New York.

 

Photo by Shaah Shahidh on Unsplash

Contributors: CJO Staff Contributors Team

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