92. In the event of the forced sale of a ship in accordance with the provisions of the Civil Procedure Code or any other law for the time being in force relating to the sale of property in admiralty proceedings, and this Chapter-
shall cease to attach to the ship.
| (a) all mortgages and other preferential rights registered under Chapter 4 (except those assumed by the purchaser with the consent of the holders thereof); and |
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| (b) all liens and other encumbrances of whatsoever nature (but not including a charter party or contract for the use of the ship), |
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Sri Lanka Consolidated Acts