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Chapter Law Content

Title: Maritime Act CH
Category: Ministry of Transportation and Communications(交通部)
Chapter II:The Ship
Section II: Maritime Liens
Section III: Ship Mortgages
Article 33
The creation of a mortgage upon a ship shall be made in writing.
Article 34
A ship mortgage may be created upon a ship under construction.
Article 35
Unless otherwise provided by law, a ship mortgage may be created only by the shipowner or by any other person specially authorized to do so by the shipowner.
Article 36
No creation of ship mortgage can be set up against a third person unless registered.
Article 37
When one or more co-owner(s) create(s) a ship mortgage by encumbering his (their) share(s) such a mortgage shall not be affected by a sale of the ship or a partition of the shares in the ownership of the ship.