(n.) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.
Example Sentences:
Maritime
Definition:
(a.) Bordering on, or situated near, the ocean; connected with the sea by site, interest, or power; having shipping and commerce or a navy; as, maritime states.
(a.) Of or pertaining to the ocean; marine; pertaining to navigation and naval affairs, or to shipping and commerce by sea.
Example Sentences:
(1) A full-scale war is unlikely but there is clear concern in Seoul about the more realistic threat of a small-scale attack on the South Korean military or a group of islands near the countries' disputed maritime border in the Yellow Sea.
(2) In Tokyo, the US president warned China against forcibly pressing its maritime claims, following Beijing's unilateral declaration last autumn of an air exclusion zone over Japanese-controlled islands in the East China Sea.
(3) Beijing says the island outposts will serve maritime search and rescue missions, disaster relief, environmental protection as well as undefined military purposes.
(4) In a bizarre moment, Campbell turned to Morrison and asked: "Minister, is the government considering now or in the future a change to Australia's border security policies regarding illegal maritime arrivals?"
(5) International maritime regulations on pollution were created.
(6) Monday’s budget request, an increase of 2.2% on last year, demonstrates a shift in Japan’s security emphasis from its northern maritime border with Russia to its long and porous southern reaches.
(7) Supporters of the construction argued in a 2006 presentation that they could capture 4.5% of world maritime freight traffic and earn a 22% profit margin by 2025, although their cost estimates at that time were much lower than those of the current project.
(8) Your writers have defended the extraordinary introduction of an export block to halt their legitimate purchase on the basis of their artistic value, yet you will be storing them in a maritime museum.
(9) China and the Philippines had a tense maritime standoff at a shoal west of the main Philippine island of Luzon early this year.
(10) Judge Yehia el-Dakroury declared that Egypt’s maritime border would not be redrawn, meaning that the islands of Tiran and Sanafir would remain under Egyptian sovereignty.
(11) It was just one of two maritime Predator B drones equipped with radar specifically designed to be used over the ocean.
(12) Paddle on the Riviera Facebook Twitter Pinterest Photograph: Alamy A half-hour walk from the tiny railway station at Cap d’Ail in the Alpes-Maritimes, a coastal footpath runs underneath a line of art nouveau and art deco villas and round a headland before Mala Plage comes into view.
(13) A new Nimrod maritime reconnaissance aircraft will be scrapped even though £3.6bn – about the amount of money the entire defence budget will be cut by over the next four years – has already been spent on it.
(14) Maritime search experts said this meant acoustic hydrophones would usually be towed in the water at depths of up to 2km in order to have the best chance of hearing the signals.
(15) Little blue men: the maritime militias pushing China's claims Read more Tensions between China and the United States are high in the South China Sea , where Beijing has been building islets into military bases and is asserting sovereignty over large parts of the critical waterway.
(16) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
(17) Moas was planning to act under the instructions of the Maritime Rescue Coordination Centre (MRCC) in Rome, which covers the zone crossed by migrant boats from Libya and can order any vessel to undertake a rescue.
(18) One viable option is a gradual and direct involvement of reliable third countries in the maritime surveillance and search and rescue activity.” It said contacts with the Egyptian and Tunisian authorities were being explored, but that “EU member states and relevant EU institutions and agencies have to take adequate, quick and effective actions ...
(19) Four aircraft have been tasked to search the area by Australia’s maritime search agency.
(20) I have never known such joy, in my whole life.” Lawyers for Ferouz welcomed Morrison’s “change of heart”, which overrode a ruling by the full bench of the federal court in Brisbane on Thursday that Ferouz was not eligible to seek protection because he was deemed an “unauthorised maritime arrival” like his parents.