VESSEL MORTGAGE
Recording of bills of sale
The Deputy Commissioner may accept for recording in his office upon payment of a fee of fifty dollars any bill of sale of a vessel which recites the interest of the grantor in the vessel and the interests sold or conveyed, provided it has previously been acknowledged, and provided further that any bill of sale of a vessel already documented under the laws of Vanuatu must have incorporated therein a true copy of its latest Certificate of Registry.