Section 47: Requisites for certificates of mortgage and sale.––Before a certificate of mortgage or
The Pakistan Merchant Shipping Ordinance, 2001 · Civil Laws · Legal status not independently verified
Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.
Discuss this provision with AI
47. Requisites for certificates of mortgage and sale.––Before a certificate of mortgage or sale is granted, the applicant shall state to the registrar, and the registrar shall enter in the register book, the following particulars, namely:–– (a) The name of the person by whom the power mentioned in the certificate is to be exercised, and in the case of a mortgage the maximum amount of charge to be created if it is intended to fix any such maximum; and in the case of a sale the minimum price at which a sale is to be made if it is intended to fix any such minimum; (b) the place where the power is to be exercised, or if no place is specified, a declaration that it may be exercised anywhere, subject to the provisions of this Ordinance; and (c) the limit of time within which the power may be exercised.
Effective date: 2001-01-01
Related sections
Version pakistan-merchant-shipping-ordinance-2001~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.