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Repondentia is a type of financial arrangement used in maritime law, where a shipowner can secure a loan by pledging the ship as collateral. It involves the lender providing funds to the shipowner with the expectation of repayment, typically from the proceeds of the ship's future voyages. This practice allows shipowners to access capital while minimizing immediate financial risk. Repondentia is particularly relevant in situations where traditional financing options may be limited.
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