s.72Transfer of ship on sale by order of court
72
Section 72Part 4PROPRIETARY INTERESTS IN REGISTERED SHIPS

Transfer of ship on sale by order of court

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Where the Court, whether under this Act or otherwise, orders the sale of a ship or share in a ship, the order of the Court shall contain a declaration vesting in some person named by the Court the right to transfer that ship or share, and that person shall thereupon be entitled to transfer the ship or share in the same manner and to the same extent as if the person were the registered owner thereof.
The Registrar of Shipping shall deal with any application relating to the transfer of the ship or share in the ship made by the person named under subsection (1) as if that person were the registered owner.