Merchant Shipping Act 1995 · 2020 Revised Edition · Part 10 · Legal Proceedings
190. Liability of beneficial owners
Feedback & supportWhere any person has a beneficial interest in any ship or any share therein registered in the name of some other person as owner, the person so interested, as well as the registered owner of the ship, is subject to all pecuniary penalties imposed by this Act or any other written law on the owner of the ship or the shares therein and proceedings may be taken for the enforcement of any such penalty against both or either of the aforesaid parties, with or without joining them.
beneficial interest
“beneficial interest” includes interests arising under contract and other equitable interests;
For the purpose of this section, a person who has an interest in any ship or any share therein by way of mortgage, charge or lien, is not deemed to have a beneficial interest in the ship unless the person is in possession of the ship.
ship
“ship” means any kind of vessel used in navigation by water, however propelled or moved and includes —(a)a barge, lighter or other floating vessel;(b)an air-cushion vehicle, or other similar craft, used wholly or primarily in navigation by water; and(c)an off-shore industry mobile unit;