Legal framework peculiarities for arresting of seagoing ships in Lithuania

The present article aims at presenting the legal framework peculiarities for arresting of seagoing ships in Lithuania. Analysis on the ratified Maritime Law Convention and national legislation within the said field. Comparison of the definitions of maritime claim, privileged claims, maritime liens and their peculiarities in Lithuania. Analysis on the main legal relations between maritime claims of the participants taking part in civil and other procedures. Analysis on which courts in Lithuania may grant an arrest of seagoing ships as a security for claims. Analysis on the legal framework for release of arrested seagoing ships. The present article also presents a brief analysis on the measures for releasing arrested ships, i.e., payment of the security of the required amount or provision of other guarantee and provides a brief synopsis on the financial products offered by the members of the International Group of P&I Clubs.