Merchant Shipping Act (Cap. 234), article 17

17. (1) As soon as the requirements of this Act preliminary to registry whether provisional or otherwise, have been complied with, the registrar shall enter in the register the following particulars respecting the ship: (a) the name of the ship; (b) the details comprised in the surveyor’s certificate where applicable; (c) the particulars respecting her origin stated in the declaration of ownership; (d) the name and description of her registered owner or owners and, if there are more owners than one, the proportions in which they are interested in her; (e) any registered encumberances that may come to the knowledge of the registrar; (f) the details of any mandate or power of attorney, irrevocable or otherwise in a separate document or as part of an agreement between the parties, granted by way of security to the mortgagee, or to a third party for the mortgagee’s benefit, granting powers relating to the exercise of rights relating to the vessel or the closure of the register on behalf of the registered owner or grantor, where he i s not the registered owner. ( 2 ) W h e r e a m o r t g a g o r h a s i s s u e d a m a n d a t e o r p o w e r o f attorney, whether irrevocable o r otherwise, and whether in a separate document or within an agreement between the parties, a nd has submitted such mandate or pow er of attorney for registratio n to the registrar, such power of attorney shall be registered in th e register of the ship to which it refers. (3) The registrar shall register any notice of cancellation or release of such mandate or power of attorney from the registry at the request of the party authorised under the power of attorney or of the person for whose benefit it has been granted. In the event that a mandate or power of attorney is granted for a stated period of time after which it shall lapse, such date shall also be recorded in the register and the registration of the mandate shall have no effe ct after such date. (4) The registrar and other administrative authorities shall support and co-operate with the a uthorised party in the exercis e of the powers specified in any mandate or power of attorney entere d in the register; provided that in so far as relates to powers g ranted for the benefit of holders of mo rtgages registered prior to the coming into force of this articl e, such assistance shall be gra nted even if the mandate or power of attorney is not recorded in the register and this upon the authorities being satisfied of the authenticity of the mandate. (5) It shall be lawful for all holders of existing mortgages to submit for registration, at their option, any mandate or power of attorney they have received in their favour and which falls wit hin the scope of thi s article and the registr ar shall act according ly. M E R C H A N T S H I P P I N G [CAP. 234. 15 (6) The registrar shall not be bound in any manner by any written notice from the grantor of revocation of such a mandate or power of attorney which is stated to be irrevocable and shall n ot be liable in any manner for acting upon the basis of a mandate or power of attorney issued in accordance with this article. Documents to be retained by registrar. Amended by: XXII. 2000.11; I.2025.9.