In forceAmended1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
381. Mortgagee not deemed to be owner
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Last amended by an amending law of 1970.
Except as may be necessary for making a mortgaged ship or share available as a security for the mortgage debt, the mortgagee shall not, by reason of the mortgage, be deemed to be the owner of the ship or share, nor shall the mortgagor be deemed to have ceased to be the owner thereof.[416D
ship
Defined · s 2
“ship” includes every description of vessel used in navigation not propelled by oars;