The means of transport, all related operating equipment and documents, and the indemnity rights shall serve as security for the Confederation as soon as it has granted its guarantee. Insofar as a public register exists, the Confederation’s claim to security in rem against the means of transport shall be noted in this register ex officio.
Where the Confederation has honoured a guarantee, it shall have a right of separation in relation to the means of transport plus all related operating equipment and documents and any rights to compensation, and in the case of distraint, it shall have a priority lien up to the amount of the sum guaranteed.
The provisions concerning the right of separation and lien over compulsory stocks (Art. 24–26) apply mutatis mutandis.
The FONES can demand additional security if the value of the means of transport and the indemnity rights is insufficient or uncertain to cover the guarantee claim.
The Federal Council shall regulate the details of granting guarantees and the technical requirements for the means of transport.
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