Merchant Shipping (Registration, etc.) Act 1993 (repealed 1.1.1996) (c. 22)

SCHEDULES

SCHEDULE 1 U.K. Private Law Provisions for Registered Ships

Modifications etc. (not altering text)

C1 Sch. 1 restricted (21.3.1994) by S.I. 1993/3138, reg.91.

Protection of registered mortgagees U.K.

10 Where a ship or share is subject to a registered mortgage—

(a) except so far as may be necessary for making the ship or share available as a security for the mortgage debt, the mortgagee shall not by reason of the mortgage be treated as owner of the ship or share; and

(b) the mortgagor shall be treated as not having ceased to be owner of the ship or share.

SCHEDULES

SCHEDULE 1 U.K. Private Law Provisions for Registered Ships

Modifications etc. (not altering text)

C1 Sch. 1 restricted (21.3.1994) by S.I. 1993/3138, reg.91.

Protection of registered mortgagees U.K.

10 Where a ship or share is subject to a registered mortgage—

(a) except so far as may be necessary for making the ship or share available as a security for the mortgage debt, the mortgagee shall not by reason of the mortgage be treated as owner of the ship or share; and

(b) the mortgagor shall be treated as not having ceased to be owner of the ship or share.