# Ship mortgage bond (bottomry bond)

- Canonical URL: https://www.gerhardmerk.de/ship-mortgage-bond-bottomry-bond
- Post ID: 588638
- Modified: 2023-07-25T21:12:04+00:00
- Language: en

## Definition

A bond used to finance the construction of ships. The Pfandbrief is covered by a ship mortgage. In detail, the Schiffsbeleihungswertermittlungsverordnung - Regulation on the Determination of the Mortgage Lending Values of Ships and Ships under Construction pursuant to § 24 (1) to (3) of the Pfandbrief Act (SchiffsBelWertV) of May 2008 applies - See bank bond, side letter, ship financing. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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