Regulation 10

For regulation 61 the following regulation shall be substituted:

“61

Where a transfer of a registered mortgage or evidence of a transmission is produced to the Registrar, he shall:—

(a)

enter the name of the transferee, or the name of the person to whom the mortgage has been transmitted, in the Register as mortgagee of the ship or share in question;

(b)

in respect of a transfer, endorse on the instrument of transfer the date and time the entry was made.”.