A mortgage is a legal document that creates a security for a loan or other financial consideration, whereby, the registered vessel or share or a share of it is used as security. The person using the vessel as security and receiving the loan is called the mortgagor. The person taking the vessel as security and usually giving the loan is called the mortgagee. Only vessels registered in the Canadian Registry of Vessels can have mortgages recorded against them.
Vessel Registration FAQs
IS THERE A FINE IF I DO NOT HAVE A PLEASURE CRAFT LICENCE?HOW DO I MARK MY VESSEL?WHAT IS THE DIFFERENCE BETWEEN A VESSEL WHOSE NUMBER BEGINS WITH THE LETTER ‘C’ (e.g., C00000BC) AS OPPOSED TO A VESSEL WHOSE NUMBER BEGINS WITH A NUMBER, AND/OR A LETTER AND NUMBERS (e.g., 32E 00000 OR BC 00000)?How Many Owners Can a Vessel Have? DO YOU HAVE WALK-IN SERVICE?WHAT ARE THE VESSEL NAME AND HAILING PORT MARKING REQUIREMENTS?WHAT CAN I DO IF I HAVE LOST OR MISPLACED MY CERTIFICATE OF REGISTRY?HOW DO I OBTAIN TITLE INFORMATION FOR A DOCUMENTED VESSEL?WHAT VESSELS ARE EXEMPT?WHAT HAPPENS TO THE VESSEL WHEN ONE JOINT OWNER DIES?Can I Request My Documentation is Prioritized?WHAT ARE THE MARKING REQUIREMENTS?HOW DO I RENEW MY CERTIFICATE OF REGISTRY?ARE THERE DIFFERENT TYPES OF DOCUMENTATION?HOW LONG IS THE CERTIFICATE OF DOCUMENTATION VALIDHOW DO I CLOSE THE REGISTRY OF MY VESSEL?RENEW YOUR CERTIFICATE OF REGISTRY EVERY FIVE YEARS THROUGH OUR SITEWhat is a Port of Registry? What Makes a Boat a “Pleasure Craft?”How Can I Learn More About a Vessel From Before 1904?