Chapter:	415	Title:	MERCHANT SHIPPING (REGISTRATION) ORDINANCE	Gazette Number:
Section:	46	Heading:	Mortgagee not treated as owner	Version Date:	30/06/1997

A mortgage of a registered ship does not have the effect of the mortgagee becoming, or the mortgagor ceasing to be, the owner of the ship except to the extent necessary to make the ship available as a security under the mortgage.