Registration, transfer, amendment and discharge of mortgages on Malta flag ships may be effected immediately at the Ship Register on presentation of the relative documents.
• Under Maltese law a mortgage assigns an executive title.
• The mortgage is enforceable without need of recourse to court.
• The mortgagee is entitled to possession of vessel in case of default.
• The rights of mortgagees are not affected by death or bankruptcy of owner.

Click here to read more about mortgage registration.

You might also be interested in…