This paper analyses legal issues relating to the fi nancing of vessels affected by the global fi nancial crisis. The U.S. fi nancial sector crisis that emerged in the second half of 2008, soon spread to a global banking and fi nancial sector. The collapse of Lehman Brothers and other massive fi nancial liquidity and payment diffi culties spread to the real economy and caused the collapse of the world economy. After the entry into turbulence of the world economy and the global fi nancial system, shipping prices turned downward direction and ports began to fi ll up with empty cargo ship fl eets. One of the consequences of the crisis is the initiation of legal proceedings for loans, which can not be paid and/or without the borrower’s ability to pay. Following the economic crisis, foreclosures and sales of vessels has gained momentum. However, in practice may be encountered a large number of problems related to the liquidation of the mortgage, foreclosure and sale of vessels abroad