Mortgage Of The Ship By Shipping Company In Favour Of Mortgagee Deeds Shipping And Transport 2023 Legal Draft Template
| Category | Deeds Shipping And Transport |
| Format | Rich Text |
| File name | Mortgage of the ship by shipping company in favour of mortgagee-Deeds-Shipping And Transport-2023.rtf |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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Mortgage of the ship by shipping company in favour of mortgagee
Official Number Name of Ship No., Date and Port of Registry
____________________________________________________________________________________
____________________________________________________________________________________
Whether a Sailing, Steam or Motor Ship Horse Power of Engines, if any
____________________________________________________________________________________
____________________________________________________________________________________
Length from fore part of steam to the shaft side
or the head of the stem post Feet Tenths
Main breadth to outside of plank depth from top
of deck at side amidship to bottom of keel
____________________________________________________________________________________
Number of Tons
____________________________________________________________________________________
Gross Registered
____________________________________________________________________________________
and as described in more detail in the Certificate of Surveyor and the ........................
WHEREAS we X Y & Co . Ltd., a Company incorporated under the Companies Act, 1956 and having registered office at ...................... have entered into an agreement on ……….day of ……….20 ……….hereinafter called the said Agreement, with Industrial Credit and Investment Corporation of India Ltd., a Company incorporated under the Companies Act, 1956 and having its registered office at...................... hereinafter called the said Creditor under which we have borrowed and the said Creditor has granted loan and advanced a sum of Rs . ………. on the terms and conditions laid down in the said agreement.
____________________________________________________________________________________
____________________________________________________________________________________
Whether a Sailing, Steam or Motor Ship Horse Power of Engines, if any
____________________________________________________________________________________
____________________________________________________________________________________
Length from fore part of steam to the shaft side
or the head of the stem post Feet Tenths
Main breadth to outside of plank depth from top
of deck at side amidship to bottom of keel
____________________________________________________________________________________
Number of Tons
____________________________________________________________________________________
Gross Registered
____________________________________________________________________________________
and as described in more detail in the Certificate of Surveyor and the ........................
WHEREAS we X Y & Co . Ltd., a Company incorporated under the Companies Act, 1956 and having registered office at ...................... have entered into an agreement on ……….day of ……….20 ……….hereinafter called the said Agreement, with Industrial Credit and Investment Corporation of India Ltd., a Company incorporated under the Companies Act, 1956 and having its registered office at...................... hereinafter called the said Creditor under which we have borrowed and the said Creditor has granted loan and advanced a sum of Rs . ………. on the terms and conditions laid down in the said agreement.
AND WHEREAS under Clause ……….of the said Agreement, we have agreed to mortgage the ship, the particulars of which are mentioned above as security for the repayment of the said loan with interest and other moneys due and payable by us to the said Creditor in terms of the said agreement and to execute a mortgage deed.
THEREFORE WE X Y & Co.
Ltd.,
in consideration of the premises for ourselves, our successors and assigns, covenant with the said Industrial Credit and Investment Corporation of India Ltd., the said creditor and its successors and assigns to pay to it or them a sum of Rs . ……….with interest and other moneys due and payable by us to the said Creditor in terms of the said Agreement hereinafter called the moneys due. AND for the purpose of better securing the payment of the moneys due, we do hereby mortgage to the said creditor ……….shares of which we are the owners in the ship, the particulars of which are mentioned above.
AND FURTHER we for ourselves, and our successors and assigns covenant with the said creditor and its successors and assigns that we have authority and power to mortgage the said ship and the shares in the manner aforesaid and the said ship and the shares are free from encumbrances, mortgage, charge or lien of any nature.
IN WITNESS WHEREOF we X Y & Co. Ltd., have hereunto affixed our common seal this ……….day of ……….20 ……….
AND FURTHER we for ourselves, and our successors and assigns covenant with the said creditor and its successors and assigns that we have authority and power to mortgage the said ship and the shares in the manner aforesaid and the said ship and the shares are free from encumbrances, mortgage, charge or lien of any nature.
IN WITNESS WHEREOF we X Y & Co. Ltd., have hereunto affixed our common seal this ……….day of ……….20 ……….
WITNESSES The common seal of the within named Mortgagor
M/s. X Y & Co. Ltd.
was hereunto affixed pursuant to The Resolution of its Board of Directors passed on the ………. day of ……….20 ……….in the presence of Shri ……….a Director of the Company who has signed in token thereof