№ lp_1_2_38573
Administrative memorandum and completed particulars issued under the Republic of the Marshall Islands maritime registry framework setting out required information and recorded details for the release of a preferred mortgage over a registered vessel.
Year: 2020
Jurisdiction: Republic of the Marshall Islands
Governing law: Maritime Act of the Republic of the Marshall Islands
Issuing authority: Republic of the Marshall Islands Maritime Administrator
Document type: Memorandum of particulars
Subject matter: Release of preferred ship mortgage
Vessel name: VESSEL A
Official number or IMO number: 9123456
Type of instrument: Release of First Preferred Mortgage as amended
Instrument date: 1 April 2020
Mortgagor name: Owner A
Mortgagee name: Bank A
Total mortgage amount released: US$25,000,000 plus interest and performance of covenants
Original mortgage date: 10 March 2017
Original mortgage recordation date: 10 March 2017
Amendment date: 20 April 2018
Amendment recordation date: 25 April 2018
Intended legal effect: Release of a security interest constituting a first preferred mortgage over the vessel
Execution requirements: Signature by authorized person and notarization or acknowledgment by a Marshall Islands Special Agent or Deputy Commissioner
Language of recordable instruments: English
Associated certificate: Certificate of Ownership and Encumbrance
Disclaimer: No legal advice provided by the Maritime Administrator or International Registries, Inc.
Price: 8 / 10 USD
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