Action by Registrar on receipt- of
95. On receiving from the competent authority of any State referred to in section 94 any certificate of the nature referred to in such section and relating to any ship registered under this Act, the Registrar shall delete from the register all mortgages and other preferential rights relating to such ship (except those assumed by the purchaser) or, as the case may be, issue a certificate of de-registration for the purpose of re-registration. |