Local Rule Supplemental Rule F.1: Election to Transfer Owner's Interest in Vessel to a Trustee

Supplemental Rule F.1 Election to Transfer Owner's Interest in Vessel to a Trustee Whenever a complaint for limitation of liability elects to transfer to a trustee the owner's interest in the vessel and shows any prior paramount lien, lienors, or creditors, and the vessel is so surrendered, no final decree exempting from liability will be made until all such liens or claims as may be admitted or proved, prior to such final decree, to be superior to the liens of the claims limited shall be paid or secured independently of the property surrendered. The monition in cases of election to transfer the owner's interest in the vessel shall cite all persons having any claim upon the vessel to appear on the return day or be defaulted, as in ordinary process in rem.

Last revised 10/22/09. See Historical Notes for full revision history.