Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (CERTIFICATION AND LICENSING) REGULATION - SECT 14

Endorsement as to mortgage or hire-purchase agreement

(1) The Director may make, on the certificate of ownership for a local vessel,
an endorsement to the effect that a mortgage or hire-purchase agreement
subsists in relation to the vessel.

(2) A request for the purpose of subsection (1) in respect of a local vessel
may be made—

   (a)  by the certificated owner or his agent; or

   (b)  by a person applying for certification as the owner or the person's
        agent.

(3) A person shall make a request for the purpose of subsection (1) in writing
and—

   (a)  shall produce the relevant proof;

   (b)  if he is the certificated owner or his agent, shall produce the
        certificate of ownership and pay the prescribed fee; and

   (c)  if he is a person applying for certification as the owner or the
        person's agent, shall state the particulars of the application.

(4) The Director may, on request, amend an endorsement made under this
section. A request for amending an endorsement—

   (a)  shall be made in accordance with subsections (2) and (3) with
        necessary modifications; and

   (b)  shall be accompanied by the written consent to the amendment, signed
        by each party, other than the person by or for whom the request is
        made, to the mortgage or hire-purchase agreement (as the case may be).