The commercial warlord shall cede the secured claim. The transferor (commercial lien) and the transferee (third party) enter into an agreement whereby the claim is transferred to the transferee (third party), i.e. all the rights of the commercial warder are transferred to the transferee (unless otherwise agreed by the contracting parties).

Documents to be submitted:

• Application - it shall be submitted by filling in the form of the application on the Commercial Pledge e-service site https://komerckila.ur.gov.lv
• Contract of sale - electronic document or electronic copy of the paper document.
• A receipt or a copy thereof, or a printout of an online bank payment, or information on the payment of the State fee