Procedure to sell vessel

(1) Notwithstanding the admiralty jurisdiction of the Supreme Court under the Supreme Court of Judicature Act, Cap.91, a registered mortgage may be enforced in Belize by a suit/ action in rem in the Supreme Court, sitting in admiralty jurisdiction, upon default of any term or condition of such (2) A registered mortgage may also be enforced by a suit/action in rem in Admiralty or otherwise in any foreign country in which the vessel shall be found, pursuant to the procedure of such country for the enforcement of ship mortgages on vessels prescribed under the laws of such country, provided that the priorities of maritime liens will always be subject to Belize law, to the extent that the competent court in such country permits. (3) Where the Court, whether under the Act or otherwise, orders the sale of any vessel, the order of the Court shall contain a declaration vesting in some person named by the Court the right to transfer that vessel, and that person shall thereupon be entitled to transfer the vessel in the same manner and to the same extent as if he were the registered owner thereof, and the Registrar shall deal with any application relating to the transfer of the vessel made by the person so named or by any person deriving title to the vessel under a bill of sale executed by the person so named as if that person or transferee were the registered owner. 39