Any owner with a vessel registered on the permanent registry may register any number of mortgages against the vessel. The process is simple and can be completed through either our Antigua office in St John’s or our office in Oldenburg in Germany.
Once a mortgage is registered the consent of the mortgagee is required for any changes to ownership or registration status.
Mortgages cannot be registered against a vessel which is bareboat registered and which has its underlying registry outside Antigua and Barbuda, but vessels which are permanently registered in Antigua and Barbuda and bareboat registered to another flag can have mortgages registered against them.
The priority of mortgages is strictly on a time /date basis and the earliest takes precedence while it remains registered. Time and date is recorded against every mortgage.