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| 11. | "mortgagee of a registered ship shall have power absolutely to dispose of the ship and to give effectual receipts in respect of the disposal," |
| 注册船舶的抵押权人有全权将该船舶脱手，并就该宗脱手发出有效的收据； |
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| 12. | Article18 In case the mortgagee has transferred all or part of his right to debt secured by the mortgaged ship to another person, the mortgage shall be transferred accordingly. |
| 第十八条抵押权人将被抵押舶舶所担保的债权全部或者部分转让他人的，抵押权随之转移。 |
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| 13. | "the Director shall serve a notice under subsection (4) on the owner, demise charter or representative person; and each mortgagee (if any) of the ship." |
| 则处长须根据第（４）款向以下人士送达通知书——该船舶的船东、转管租约承租人或代表人；及如该船舶有抵押权人的话，每名抵押权人。 |
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| 14. | "Where a mortgage is discharged, the mortgage instrument with a memorandum of discharge in the specified form endorsed thereon " |
| 凡抵押获解除时，抵押人或抵押权人须将抵押文书连同解除抵押备忘录送交注册官， |
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| 15. | "upon the lodgment by the mortgagor or mortgagee of the mortgage instrument and memorandum of discharge," |
| 抵押人或抵押权人将抵押文书及解除抵押备忘录送交后， |
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| 16. | """mortgagee"" means the person whose name appears in the register as the holder of a mortgage;" |
| “抵押权人”（ｍｏｒｔｇａｇｅｅ）指其姓名在注册记录册出现为抵押持有人的人； |
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| 17. | "there shall be lodged by the mortgagor or mortgagee with the Registrar, in substitution for the mortgage instrument and memorandum of discharge, a declaration by the mortgagee that the mortgage has been discharged and setting out, as follows--" |
| 抵押人或抵押权人须向注册官送交一份由抵押权人所作的声明书，声明该抵押已解除，并列出以下各项，以代替该抵押文书及解除抵押备忘录—— |
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| 18. | "The Registrar may serve on the owner, demise charter or representative person, and on each mortgagee (if any) of the ship, a notice." |
| 注册官可向该船舶的船东、转管租约承租人或代表人及每名抵押权人（如有的话）送达通知书， |
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| 19. | "Abut where there are 2 or more mortgages of the same ship, a subsequent mortgagee shall not, except under the order of a court, dispose of the ship without the consent of every prior mortgagee." |
| 但如同一船舶有２宗或超过２宗抵押，则较后的抵押权人如未得各位较先的抵押权人的同意，不得将该船舶脱手，但根据法院命令而脱手的，则属例外。 |
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| 20. | Article51 Where a mortgagor's acts are likely to cause the value of the mortgaged property to decline, the mortgagee shall be entitled to demand that the mortgagor cease and deist from such acts. |
| 第五十一条抵押人的行为足以使抵押物价值减少的，抵押权人有权要求抵押人停止其行为。 |
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