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maritimeChain.com pte ltd
10 Anson Road #25-16
International Plaza
Singapore 079903
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µç»° : +60 3-2380-0270
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Sharjah UAE Office
µç»° : +971 6-556-9330
´«Õæ : +971 6-556-9332
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 |  | | REGISTRATION OF MORTGAGES |  |
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REGISTRATION OF MORTGAGES - Registration of mortgage is allowed as soon as vessel is provisionally registered.
- For provisionally registered vessel, mortgagee (e.g. bank, shipyard etc) is to confirm that they have sighted the original document of title of ownership (e.g. Bill of Sale)
- Confirmation of payment for registration of mortgage.
- Submit Mortgage Deed and Mortgage Agreement to the Tuvalu Ship Registry and the Registrar/Deputy Registrar will confirm provisional date/time of mortgage registration.
- Upon receipt of original Mortgage Deed and copy of Mortgage Agreement, Registrar/ Deputy Registrar will endorse with same date/time as in point 4 above.
- The Registry will check on the priority of mortgages.
- The Registry will issue Certificate of Mortgage Registration.
- The Registry will keep a copy of Certificate of Mortgage Registration and Mortgage Deed in the ship's file. Originals will be returned to applicant.
DISCHARGE OF MORTGAGES. - The Registry must obtain original Mortgage Deed (showing mortgage is discharged by mortgagee in the relevant section - back page)
- Submission of above document to Registry
- Confirmation of payment for discharge of mortgage
- The Registry will discharge the mortgage on the Mortgage Deed (front page).
- The Registry will keep a copy and return original Mortgage Deed to applicant.
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