Article 8
Where, in accordance with the law of the Contracting Party in whose register a mortgage has been registered, a mortgage is put in possession of a vessel in execution of a clause, recorded in the register, of the mortgage deed, the rights conferred upon him by the writ of possession in the territory of that Contracting Party shall be recognized as an effect of the mortgage in the territory of all the other Contracting Parties, provided that the writ of possession is recorded in the register.
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Convention on the Registration of Inland Navigation Vessels (Done at Geneva on 25 January 1965) |