86. Where a preferential right arises, pursuant to the provisions of the Crown Debtors Ordinance or the Insolvency Ordinance in respect of a ship in the possession of-
such right shall be postponed to all the maritime liens set out in section 83 but may take precedence of any mortgage or other preferential right registered under Chapter 4, so long as the ship is in the possession of the shipbuilder or ship repairer, as the case may be.
| (a) a shipbuilder, in order to secure claims for the building of the ship, or |
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| (b) a ship repairer, in order to secure claims for the repair of the ship, effected during such possession, |
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Sri Lanka Consolidated Acts