The granting of a loan against pledging – in old documents also: impignoration; impignoration – of the ship or cargo (a contract by which a ship is hypothecated as security for repayment of a loan for the use of the ship). – See § 779, § 803, § 857, § 880 HGB (German Code of Commerce).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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