Merchant Shipping Act (Cap. 234), article 52

52. (1) The privilege granted to the seller for the price of the thing sold under the provisions of article 2009 (d) of the Civil Code is not effectual in regard to vessels, unless the claim for such price be registered, in the case of ships registered under Part II of this Act, in the register of the said ship, within two days from the date of the sale. Such privilege is registered by delivery to the registrar on the prescribed form duly completed and signed by the seller. (2) A privilege shall only be effectual with regard to any other vessel if the claim is duly registered in a public registry in the country to which the vessel belongs and in accordance with the laws of that country. (3) The same rule shall apply with regard to the right of recovering the thing sold, as provided in the said Code. (4) Such privilege shall be extinguished upon payment of the price and relative charges, and upon production of a receipt issued by the seller, attested by a witness, the registrar or the Director of Public Registry, as the case may be, shall make a note in the register notifying the discharge thereof. (5) The provisions of articles 44, 45, 45A and 48 shall mutatis mutandis apply in respect of the aforementioned privilege and right of recovery of the seller with regard to ships registered under Part II of this Act. Seller bound to make debts known to buyer. Substituted by: XXXVII. 1988.27.