Merchant Shipping (Registration of Ships) Act 2014

Discharge of registered mortgage

62. Where a registered mortgage has been discharged, the Minister shall, on production of the mortgage deed with a receipt for the mortgage money endorsed thereon, signed and attested, and any such evidence of the discharge of the mortgage as may be further prescribed by regulations, cause an entry to be made on the relevant Part of the Register to the effect that the mortgage has been discharged subject to any fees or other requirements prescribed by the Minister in regulations.