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
WHAT VESSELS CAN BE DOCUMENTED?WHAT ARE THE MARKING REQUIREMENTS?HOW DO I CLOSE THE REGISTRY OF MY VESSEL?DO I NEED A PLEASURE CRAFT LICENCE?WHEN A VESSEL IS EITHER SUSPENDED OR CLOSE, IS THE NAME AVAILABLE?WHAT ARE THE DUTIES OF AN AUTHORIZED REPRESENTATIVE?HOW DO I MARK MY VESSEL?IS THERE A FINE IF I DO NOT HAVE A PLEASURE CRAFT LICENCE?MUST I SUBMIT MY APPLICATION BY MAIL?HOW DO I KNOW IF MY VESSEL MEASURES FIVE NET TONS?WHERE CAN I GET FORMS FOR DOCUMENTATION?HOW CAN I SEND MY CREDIT CARD PAYMENT?CAN A DINGHY HAVE THE SAME OFFICIAL NUMBER AS A REGISTERED VESSEL?DO YOU HAVE WALK-IN SERVICE?WHAT ARE THE VESSEL NAME AND HAILING PORT MARKING REQUIREMENTS?HOW DO I NOTIFY YOU OF MY CHANGE OF ADDRESS?HOW DO I OBTAIN TITLE INFORMATION FOR A DOCUMENTED VESSEL?MAY I RENEW A LOST CERTIFICATE OF DOCUMENTATION?HOW CAN I SEND MY PAPERWORK TO YOUR OFFICE?HOW DO I KNOW IF MY VESSEL MEASURES FIVE NET TONS?