delivery of ship

delivery of ship
As with other unwieldy property, the delivery may be purely constructive, and may be effected by delivery of the vessel's documents of title, which supplies not merely a symbol, but the mode of enabling the buyer to take actual possession as soon as circumstances permit. 48 Am J1st Ship § 67. The transfer of a ship at sea by the delivery of a bona fide bill of sale, mortgage, or assignment in trust is valid, even as against the vendor's creditors, although possession is not given at once, provided the vendee takes prompt possession when the property comes within his reach. 48 Am J1st Ship § 69.

Ballentine's law dictionary. . 1998.

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