Section 44: Transfer of mortgages.––A registered mortgage of a ship or share may be transferred to — 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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44. Transfer of mortgages.––A registered mortgage of a ship or share may be transferred to any person and the instrument effecting the transfer shall be in the prescribed form or as near thereto as circumstances permit, and on the production of such instrument the registrar shall record it by entering in the register book the name of the transferee as mortgagee of the ship or share, and shall by memorandum under his hand notify on the instrument of transfer that it has been recorded by him stating the day and hour of the record.

Effective date: 2001-01-01

Related sections

Section 43: Mortgage not affected by bankruptcy.––A registered mortgage of a ship or share shall Section 45: Transmission of interest in mortgage by death, bankruptcy or marriage, etc Section 42: Mortgagee to have power of sale.––Every registered mortgagee shall have power if Section 46: Powers of mortgage and sale.––A registered owner, if desirous by way of mortgage or Section 41: Mortgagees not treated as owner.––Except as far as may be necessary for making a Section 47: Requisites for certificates of mortgage and sale.––Before a certificate of mortgage or

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