Preferred Ship Mortgage
OMB No: 1625-0027
This form may be attached to a mortgage or related instrument. If this form is properly completed, the instrument to which it is attached will be filed and recorded WITH NO FURTHER REVIEW. This form must be submitted with an original or a copy of the mortgage. The mortgage or related instrument must include the following:
- Signature by or on behalf of the vessel owner(s) and acknowledged by a notary public
- Addresses of both the mortgagor and mortgagee
- Must cover the “whole” of the vessel; cite a definite amount, identify the vessel by name, official number and/or hull number
- A mortgage cannot be accepted for filing unless the vessel has a valid Certificate of Registry or an Application for Initial, Exchange or Replacement, on file at Transport Canada.
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