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Section 21: Mortgages, charges and liens

Inland Water Transport Act

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Consolidated text

(1) The owner of a vessel may use a vessel as a mortgage, charge or lien. Act 18 Inland Water Transport Act 2021 (2) The mortgagor shall within seven days after a mortgage, charge or lien has been created on a vessel, notify the Maritime Administration. (3) The Maritime Administration shall maintain a register of mortgages, charges and liens on vessels registered or licenced under this Act.

Source: laws_africa.