PART 4APPLICATION TO SALES
Application of Regulations to sales and prospective sales38
1
The following provisions of these Regulations apply in relation to sales and prospective sales—
a
regulation 6 in so far as it implements Articles 3 and 4 of the Cape Town Convention and Article III of the Aircraft Protocol;
b
regulation 10 and Schedule 3 in so far as they implement Article 16(1)(a) of the Cape Town Convention;
c
regulation 14 in so far as it implements Article 19(4) of the Cape Town Convention;
d
regulation 14 in so far as it implements Article 20(1) of the Cape Town Convention (as regards registration of a contract of sale or a prospective sale);
e
regulation 15 in so far as it implements Article 25(2) of the Cape Town Convention (as regards a prospective sale); and
f
regulation 36.
2
In the application of those provisions to sales and prospective sales—
a
references to an agreement creating or providing for an international interest are to be treated as references to a contract of sale;
b
references to an international interest are to be treated as references to a sale;
c
references to the debtor are to be treated as references to the seller; and
d
references to the creditor are to be treated as references to the buyer.
3
In addition, the provisions of the following regulations apply generally to contracts of sale and prospective sales—
a
regulation 5 in so far as it implements Article 1 of the Cape Town Convention;
b
regulation 5 in so far as it implements Article 5 of the Cape Town Convention;
c
regulations 10, 11, 12, 13, 14 and 15;
d
regulation 16;
e
regulation 17;
f
regulations 42 and 46.