Define: Afloat

Afloat
Afloat
What is the dictionary definition of Afloat?
Dictionary Definition of Afloat

Afloat (adverb): floating on the surface of a liquid; not sinking. Also, in a financial sense, having enough money to operate or stay in business.

Full Definition Of Afloat

Afloat is a legal term that refers to a situation where a vessel or other floating structure is not grounded or resting on the bottom of a body of water. It implies that the vessel is floating freely and is not stuck or stranded. The concept of being afloat is important in maritime law as it determines the legal rights and responsibilities of the vessel owner, operators, and other parties involved. For example, a vessel that is afloat may have the right of navigation and may be subject to certain regulations and obligations. Conversely, a vessel that is not afloat may be considered abandoned or in distress, triggering specific legal procedures and responsibilities. Overall, the status of being afloat is a crucial factor in determining the legal framework and obligations surrounding a vessel or floating structure in maritime law.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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