A lien is a right in one man to retain that which is in his possession belonging to another, till certain demands of him the person in possession are satisfied .
In shipping business most common type of lien is shipowner’s lien over goods while in his possession, i.e. during sea carriage, which is equally available for time and voyage chartered vessels. Usually this lien amounts only to a passive right to retain, cannot be transferred or sold and if/when the goods delivered to the receiver, the lien entitlement is lost forever.
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