- Admiralty bonds allow release of vessels and other property which may otherwise be seized or arrested following collision or salvage operations.
- Ship or other maritime vessel owners or operators
If you are involved in shipping, you may be required to post an admiralty bond following any collision or incident involving salvage services. To procure the release of vessels or other property from arrest and/or to secure a third party’s maritime or other legal claim against the vessel (or other related property), an admiralty bond is required. Admiralty bonds are any bonds that are filed in legal proceedings concerning maritime law.