VESSEL MORTGAGE
VESSEL MORTGAGE
VLAS offers mortgage recording services against registered vessels and vessels under construction. Our recording procedures are straightforward and protect the interest of ship proprietors and mortgagees. To record a preferred mortgage with the Vanuatu Registry, we need three original duly executed mortgage instruments, an original or copy of a Memorandum of Particulars and authorization from the vessel owner.
Contents of Record
A sale, conveyance, hypothecation, mortgage of any
vessel...
Recording of Bills of Sale
Conditions for the recording of a bill of sale...
Lien of Preferred Mortgage
A preferred mortgage shall constitute a maritime lien upon
the mortgaged vessel...
Conditions Precedent to Recording
A bill of sale, conveyance, or mortgage shall not be
recorded unless it states...
Preferred Mortgage
A mortgage which includes property other than...
Interest on Preferred Mortgage
A preferred mortgage may bear such interest on an
obligation...
Recording of Mortgage
Conditions for the recording of mortgage are as follows...