Marine
Liens Opens Database to Maritime World for Free
Released on
= January 27, 2005, 9:37 am
Press Release
Author = Greg Hoffman
Industry = Transportation
& Logistics
Press Release
Summary = Marine contractors now have the opportunity to use a valuable
tool for free until June 2005 to help collect receivables by posting
lien claims through Marine Liens Ltd online service. The company
announced the free use
of its lien search and posting site, www.marineliens.com, at the
National Marine
Service Expo 2005 in Orlando, Fla. on Friday January 21, sponsored
by the Association of Marine Technicians (AMTECH).
Press Release
Body = Orlando, FL January 26, 2005 -- Marine contractors now have
the opportunity to use a valuable tool for free until June 2005
to help collect receivables by posting lien claims through Marine
Liens Ltd online service. The company announced the free use of
its lien search and posting site, www.marineliens.com, at the National
Marine Service Expo 2005 in Orlando, Fla. on
Friday January 21, sponsored by the Association of Marine Technicians
(AMTECH).
Demand for
the service has been growing since the site was launched in 2001
but industry contractors have been slow to adopt web-based lien
programs, according to David Hayward, President of Marine Liens.
“We made the decision to open up the
service for free to allow the industry to catch up on the technology
and get comfortable with the lien posting and searching process,”
Hayward said.
Maritime liens attach to the vessel and can become the liability
of a new owner and lender, which make the site a valuable tool for
buyers and lenders. It can also be a valuable tool for contractors
to search for liens before working on a vessel. If the vessel has
existing liens there may be no equity value left for the contractor
to cover his outstanding invoice. Liens can be posted against any
vessel world wide –
ranging from a small personal watercraft to ocean going commercial
craft, according to Hayward.
“AMTECH members have been using MarineLiens.com for the last
year and have found it
to be a great tool,” said Joe De Marco, President of AMTECH.
“I’m happy to hear that everyone in the industry will
be able to test out the service for free.”
It’s also an untapped tool for lenders, Hayward added. “They
can use this free opportunity to post their notice of collateral
security on all boats worldwide, including those under floor plan.”
MarineLiens.com was launched to provide the convenience of a central
posting and searching facility for the worldwide boating audience.
Translations of the text into eight languages covering the most
active areas of the world’s seafaring population assure true
international access. MarineLiens.com contributors collectively
offer more than 100 years of experience in the maritime industry.
Our corporate offices are located in the neutral environment of
the Islands of Bermuda. For more information, visit: http://www.marineliens.com.
# # #
Web Site = http://www.marineliens.com
Contact Details
= David Hayward
MarineLiens Ltd.
10 Mt. Vernon St.
Suite 253
Winchester, MA 01890
781-721-4500 (Bus)
2012
