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CHAPTER 3 Security interests in ships

Law of Ship Mortgages

Page 41 CHAPTER 3 Security interests in ships 3.1 Introduction 3.1.1 The historical introduction in Chapter 1 has touched upon the nature of a registered ship mortgage under English law, noting that there is surprising uncertainty on the legal classification of a statutory mortgage but firmly concluding that it is a sui generis form of statutory charge by way of legal mortgage. 1 Chapter 2 has addressed the ownership and registration of ships. The nature of a ship mortgage was commented on as follows by Roskill J in Fletcher and Campbell v City Marine Finance Ltd : 2

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