SHIPPING REGISTRATION ACT 1981 - SECT 47D No dealing to be registered while caveat in force
SHIPPING REGISTRATION ACT 1981 - SECT 47D
No dealing to be registered while caveat in force(1) Subject to this section, so long as a caveat remains in force in respect of a ship or a share in a ship, the Registrar shall not, except with the consent in writing of a person entitled to withdraw the caveat, enter in the relevant register particulars of any dealing with that ship or share.
(2) Subsection ( 1) shall not operate to prevent the entry in the relevant register of a dealing with a ship or a share in a ship which, when the caveat was lodged with the Registrar, had previously been lodged with the Registrar in a form satisfactory for entry in the relevant register .
(3) A caveat does not prevent the Registrar from entering in the
relevant register the transmission of a ship, or of a share in a ship, to a
person if the person becomes entitled to the transmission by operation of law,
except to the extent that the caveat specifies otherwise.