ARTICLE · 12 JUNE 2017

Guide To Ship Finance In The Cayman Islands

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Mortgage registration is evidenced by a certificate of registry, but because this is a document used for navigation purposes, it is more likely that a copy of the transcript of British Registry...

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Due diligence

1. How does one demonstrate title to or legal ownership of a vessel registered under the laws of your jurisdiction?

A certificate of registry issued by the Registrar of Shipping (Registrar) at the Cayman Islands Shipping Registry (a Category 1 British Registry) (CISR) demonstrates title to or legal ownership of vessels registered in the Cayman Islands. Upon the transfer of a registered vessel, a bill of sale of a vessel or of shares therein shall be entered in the Register of Ships (Register) in the order of production to the Registrar, and upon the transfer being registered the Registrar shall issue a new certificate of registry.

2. How can one determine whether there are any liens recorded over a vessel?

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