Merchant Shipping (Registration of Ships) Act 2014

Transfer of registered mortgage on death, bankruptcy, etc.

61. (1) Where the interest of a mortgagee in a ship or share is transferred on death, or bankruptcy, or by any lawful means, other than by a transfer under section 60 , the transfer shall be authenticated by a declaration of the person to whom the interest is transferred, containing a statement of the manner in which and the person to whom the property has been transferred, and shall be accompanied by the like evidence as is by this Act required in case of a corresponding transfer of the ownership of a ship or share.

(2) The Minister on the receipt of the declaration under subsection (1) and the production of the evidence aforesaid, shall enter the name of the person entitled under the transfer on the Register as mortgagee of the ship or share.