CONSORTSHIP - Black's Law Dictionary

What is CONSORTSHIP? Definition of CONSORTSHIP in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.

In maritime law. An agreement or stipulation between the  owners of different vessels that  they  shall  keep  in company, mutually aid, instead  of interfering with each other, in wrecking  and salvage,  and share any money awarded  as salvage,  whether  earned by one vessel or both.  Andrews v. Wall,  3 How.  571,  11 L.Ed. 729.

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That's the definition of CONSORTSHIP in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.

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