Ship Mortgage Registry

A Ship Mortgage Registry is a formal record maintained by a government or maritime authority that details any financial interest or lien a lender has in a vessel. When a ship owner borrows money to buy or improve a ship, they may give the lender a mortgage—similar to a house loan—that secures the debt. Registering this mortgage ensures that the lender’s claim is legally recognized and protected. It provides a transparent public record of ownership and encumbrances, helping prevent disputes and facilitating lawful transfer or sale of the vessel.