Admiralty Court

AAA

DEFINITION of 'Admiralty Court'

Any court governed by admiralty law, whether the court is officially titled admiralty court, or is granted official jurisdiction over admiralty cases. Official jurisdiction for admiralty cases in the United States, for example, has been given to federal district courts, whereas England has a separate court system.

INVESTOPEDIA EXPLAINS 'Admiralty Court'

The principal matters arising in admiralty court concern shipping, boating, insurance matters, collisions at sea, civil matters involving seamen, passengers and cargo, salvage claims, and marine pollution. The most well-known action by an admiralty court is the issuance of a maritime lien against a ship, which allows the court or its appointees to arrest and seize the ship in satisfaction of claims against it. Whether it can be seized in other countries is governed by the admiralty courts of those countries and any treaties that may be in effect therein.

RELATED TERMS
  1. Appeal Bond

    An amount of money placed in holding while the appeal is being ...
  2. The Jones Act

    Legislation that regulates maritime commerce between U.S. cities. ...
  3. Injunction

    A court order that prevents somebody from doing something specific. ...
  4. Admiralty Proceeding

    Any matter that comes before an admiralty court that involves ...
  5. Maritime Law

    A body of laws, conventions and treaties that governs international ...
  6. Admiralty Liability

    A risk, event or conduct that would run afoul of admiralty (maritime) ...
Related Articles
  1. What Is International Trade?
    Personal Finance

    What Is International Trade?

  2. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  3. How Influential Economists Changed Our ...
    Fundamental Analysis

    How Influential Economists Changed Our ...

  4. The Dark Side Of The WTO
    Economics

    The Dark Side Of The WTO

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center