Is a ship mortgage accepted in principle under Jamaican Law?
The Shipping Act, 1998 makes provision for the recording and enforcement of ship mortgages. There is a central register where all mortgages are registered however closings may be facilitated at any time in the major shipping centres of the world through the Jamaica ship registry’s network of deputy registrars. A transcript of the register stating the date and time of recording of the mortgage can be issued by the Registrar on request.
