Merchant Shipping Order, 2002 · As enacted · Part II · Brunei Darussalam Registry
Section 31
Official textFrom Attorney General's Chambers, unchanged
A registered mortgage of a ship or any share therein may be transferred to any person and the instrument effecting the transfer shall be in the prescribed form or as near thereto as circumstances permit, and on production of such instrument, the Registrar shall record the transfer by entering in the register the name of the transferee as mortgagee of the ship or share and shall endorse and sign on the instrument of transfer a memorandum that the transfer has been recorded by him stating the date and time of the record.
ship
"ship" means any kind of vessel used in navigation by water, however propelled or moved and includes - (a} a barge, lighter or other floating vessel; and (b) an air cushion vehicle, or other similar craft, used wholly or primarily in navigation by water;
The person to whom any registered mortgage has been transferred shall enjoy the same right of preference as was enjoyed by the transferor.
Transmission of interest in mortgage in certain circumstances.
Terms defined in s 2
prescribed
Defined · s 2"prescribed" means prescribed by regulations made by the Minister with the approval of His Majesty the Sultan and Yang Di-Pertuan;
ship
Defined · s 2"ship" means any kind of vessel used in navigation by water, however propelled or moved and includes - (a} a barge, lighter or other floating vessel; and (b) an air cushion vehicle, or other similar craft, used wholly or primarily in navigation by water;
Part III
Manning and Certification
Part IV
Employment of Seamen
Part VI
Part VII
Part VIII
Part IX
Inquiries and Investigations
Part X