# The Merchant Shipping (Transitional Provisions — Fishing Vessels) Order 1988, Article 3


Any reference, however worded, in any mortgage or other document by which a fishing vessel was made security for the repayment of a loan or discharge of any other obligation, to registration of the vessel under Part I or Part IV of the Merchant Shipping Act 1894 (hereinafter called“the 1894 Act”) shall on and after the commencement date be construed as follows:—
(a) if it is a reference to registration under Part I of that Act it shall be construed as a reference to registration of the vessel under Part II of the principal Act as a vessel to which the provisions of the said Part II relating to transfers by bill of sale and the registration of mortgages apply; and
(b) if it is a reference to registration under Part IV of the 1894 Act it shall be construed as a reference to registration under Part II of the principal Act as a vessel to which those provisions do not apply.

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Source: https://www.legislation.gov.uk/uksi/1988/1911/article/3 (the official version)
Page: https://openlegislation.uk/merchant-shipping-transitional-provisions-fishing-vessels-order-1988/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.