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The Merchant Shipping (Registration of Fishing Vessels) Regulations 1988
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- UK Statutory Instruments
- 1988 No. 1926
- PART III
- Regulation 41
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Subsisting mortgages on vessels no longer registered
41. Any undischarged mortgage registered in a Part I register or in a Scottish Register in respect of a fishing vessel which is not transferred to the Register pursuant to Part VII of these Regulations shall, notwithstanding the repeal of the enactment under which such Register was established and the provisions of section 13(3) of the Act, continue in effect; and such undischarged mortgage may, if the vessel comes within the jurisdiction of any court in the United Kingdom which has jurisdiction to enforce it, be enforced by any lawful means without prejudice, where the fishing vessel has been sold under a judgment of a court, to the effect of that judgment.
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