Major Catastrophe
New member
Thanks for that jfm. You have confirmed my determination not to own a boat so big that it requires an air bag, diver, support boat and a full crew to retrieve.
Twin Anchors at the Bow
- Thread starter Gludy
- Start date
cliffordpope
New member
Warships do it. I remember diagrams in our Vol 1 showing how to extricate two twisted cables. I think it involved letting out the entire locker from one, and hanging the end on a rope. Then sending someone down in a chair to attach another rope, bypassing the twist. Taking the weight, releasing the first rope, then hauling up.
omega2
Active member
She has two anchors, but only deploys one, I would think it would make a right mess of the paint work if they were both down and she was swinging
MapisM
Well-known member
Feeling does matter!
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I'd love a 2 anchor set up - would feel like a "proper" boat
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Yeah, that's what I like most, either! /forums/images/graemlins/cool.gif (see below)
In fact, in my experience they've been really necessary in just one occasion, when mooring in a marina whose bow mooring lines were all taken by other boats. Some of them actually used two, but nobody wanted to release one 'cause it was blowing a nice 20+ kts crosswind. Deploying two anchors and mooring without the bow thruster in such conditions, and in a space less than 1 meter wider than the boat, that was real fun.
[ QUOTE ]
I'd love a 2 anchor set up - would feel like a "proper" boat
[/ QUOTE ]
Yeah, that's what I like most, either! /forums/images/graemlins/cool.gif (see below)
In fact, in my experience they've been really necessary in just one occasion, when mooring in a marina whose bow mooring lines were all taken by other boats. Some of them actually used two, but nobody wanted to release one 'cause it was blowing a nice 20+ kts crosswind. Deploying two anchors and mooring without the bow thruster in such conditions, and in a space less than 1 meter wider than the boat, that was real fun.
MapisM
Well-known member
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£50k in post dated cheques
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Surprised to read that in the forum, afaik it's neither legal to issue nor to accept them...?
£50k in post dated cheques
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Surprised to read that in the forum, afaik it's neither legal to issue nor to accept them...?
jfm
Well-known member
Don't know about Italy but perfectly legal in UK
MapisM
Well-known member
Interesting. Is it also allowed to anyone to issue bonds?
At the end of the day, a post dated cheque is a simpler way to do the same thing...
At the end of the day, a post dated cheque is a simpler way to do the same thing...
jfm
Well-known member
laws on issuing bonds depend on the circs. Amounts, classification of investors and issuers, etc, etc. Big subject!
MapisM
Well-known member
Makes sense. Hence the legal recognition of post dated cheques surprises me.
Mind you, not that it isn't actually common practice also over here...
Mind you, not that it isn't actually common practice also over here...
jfm
Well-known member
There isn't a "legal recognition" of post dated cheques in UK. Your question was whether issuance of them was illegal - it isn't. A post dated cheque has no legal recognition in the sense that drawee bank doesn't have to act on it if, stupidly, it were presented. It does have some legal force in that it is excellent evidence of the underlying debt
Once the cheque date comes around the cheque can legally be presented and the drawee bank is obliged to act on it as per the Cheques Act, ie pay the money if it's there etc
Once the cheque date comes around the cheque can legally be presented and the drawee bank is obliged to act on it as per the Cheques Act, ie pay the money if it's there etc
MapisM
Well-known member
I'm maybe thick, but how can a transaction be legal/allowed without being legally recognized?
For example: if the drawer goes belly up, or just goes into administration, after the cheque was issued, but before its due date, is the beneficiary still protected somehow?
For example: if the drawer goes belly up, or just goes into administration, after the cheque was issued, but before its due date, is the beneficiary still protected somehow?
Gludy
Active member
No - if the money is not there for wahtever reason then the beneficiary loses full stop.
On the other hand if the cheque bounces it is a good basis to proceed with an immediate winding up order and that is what i would do without a seconds hesitation.
On the other hand if the cheque bounces it is a good basis to proceed with an immediate winding up order and that is what i would do without a seconds hesitation.
jfm
Well-known member
A post dated cheque isn't illegal. In other words, you wont be punished if you issue one. But it has no further legal status than that, until the due date come around. It is somewhat meaningless. If the drawer goes bust, the beneficiary cannot present the cheque at a bank till the due date. He is merely an unsecured creditor, like any other uc, and the only function the cheque could serve is to be evidence of his debt claim (which might not be needed, if the debt claim isn't disputed).
Once the due date comes around the cheque can be presented without any further action needed by the debtor, but if debtor has gone insolvent by then it might of course bounce
Once the due date comes around the cheque can be presented without any further action needed by the debtor, but if debtor has gone insolvent by then it might of course bounce
lookout
New member
I recall some of the banks I've used saying if a cheque over x months old then refer to drawer, although this was many years ago.... do they still do that?
Gludy
Active member
A cheque cannot be dated more than 6 months prior to it being used.
jfm
Well-known member
yes, but that doesn't apply here. The cheques will be presented on the day they are dated, so they will look <24hours old to the bank
