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Law of Ship Mortgages

6


Page 138

Registration of mortgages

6.1 Introduction

6.1.1 In many Commonwealth countries a comprehensive system of registration of security interests in personal property has been created by statute but, as yet, in the UK there is no central registry for the registration of security interests,1 apart from the debtor registration regime of the Companies Act 2006 for charges created by companies incorporated in any part of the UK and limited liability partnerships. In the UK there are separate registries for recording security interests in land,2 ships,3 aircraft,4 personal property (chattels) owned by an individual or a partnership,5 agricultural equipment,6 trademarks,7 patents8 and registered designs.9 This chapter addresses the more detailed and practical requirements of the ship mortgage registration regime, which have already been examined from a conceptual and historical perspective in Chapters 2 and 3. The Companies Act charges registration regime is also addressed.

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