Section 39: Entry of discharge of mortgage.––Where a registered mortgage is discharged, the — Pakistan Merchant Shipping Ordinance, 2001

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.

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39. Entry of discharge of mortgage.––Where a registered mortgage is discharged, the registrar shall, on the production of the mortgage deed, with a receipt for the mortgage money endorsed thereon, duly signed and attested, make an entry in the register book to the effect that the mortgage has been discharged, and on that entry being made the estate if any, which passed to the mortgagee shall vest in the person in whom (having regard to intervening acts and circumstances, if any), it would have vested, if the mortgage had not been made.

Effective date: 2001-01-01

Related sections

Section 38: Mortgage of ship or share Section 40: Priority of mortgage.––If there are more mortgages than one registered in respect of Section 37: Power of court to prohibit transfer.––Where the ship is registered in Pakistan the High Section 41: Mortgagees not treated as owner.––Except as far as may be necessary for making a Section 36: Transfer of ship on sale by order of court.––Where any court, whether under the Section 42: Mortgagee to have power of sale.––Every registered mortgagee shall have power if

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