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Merchant Shipping Act 1995

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Merchant Shipping Act 1995, Paragraph 10 is up to date with all changes known to be in force on or before 07 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

10U.K.Where a ship or share is subject to a registered mortgage then—

(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.

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