Merchant Shipping Act (Cap. 234), article 53

53. (1) The seller of a vessel is bound to inform the purchaser of all privileged debts, and to furnish him with a list thereof duly signed by himself. (2) If the aforesaid list is not given to the purchaser, or if, in the list given to him, any of the aforesaid debts is omitted, he ma y, in the event of his sustaining any damage therefrom, exercise such rights as are competent to him against the seller, with all suc h means as the law provides agains t debtors committing fraud in contracting debts. M E R C H A N T S H I P P I N G [CAP. 234. 41 Possessory lien or privilege. Substituted by: XXXVII. 1988.27. Amended by: XXIV .1995.362; XXII. 2000. 36.