46 CFR Part 307 – Establishment of Mandatory Position Reporting System for Vessels
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In 46 CFR Part 307 - Establishment of Mandatory Position Reporting System for Vessels
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.