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Mortgage Trustee Application - marad dot

Mortgage Trustee Application - marad dot 2025

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The document is an application for approval as a Mortgage Trustee under U.S. maritime law, specifically for holding a Preferred Mortgage on Fishing Industry Vessels. It outlines the qualifications and responsibilities of the Mortgage Trustee, including requirements for corporate structure, financial stability, and compliance with regulations set by the Maritime Administration. The application emphasizes the need for ongoing reporting and notification to authorities regarding any changes in status or legal proceedings related to the vessels.

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