Back to the text
Merchant Shipping Order, 2002 · s 28
Suggest a correction
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Merchant Shipping Order, 2002 · s 28
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
If there are more mortgages than one registered in respect of the same ship or share, the mortgagees shall, notwithstanding any express, implied or constructive notice, be entitled in priority, one over the other, according to the date and time of the record of each mortgage in the register and not according to the date of each mortgage itself.
417
Mortgagee not deemed to be owner.