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Ship's Mortgage

If you're looking at financing a large vessel there is a good chance you've come across the term Ships Mortgage.

What is a Ships Mortgage

A Ship's Mortgage assures the mortgagor, the owner or mortgagee will properly insure the vessel and refrain from attempting to encumber the vessel in Australia or any other foreign ports. The mortgagor will be notified if the vessel is seized, or detained by any person or country within 15 days and discharge it from same. With a Ship's Mortgage, the owner will agree to comply with all state and federal laws with respect to the use and operation of the vessel. A copy of the Mortgage must be kept upon the vessel at all times. The mortgagor is assured the owner will not leave the country without intending to return, abandon the vessel or sell, mortgage, or charter the vessel without the consent of the mortgagor.

Why use Equipfin?

Equipfin is part of the Platinum Direct Finance group of companies who will finance over 800 million dollars worth of Vehicles, TrucksBoats, Equipment and Machinery this year! Due to this volume and buying power, we can give our clients access to the best personal loan rates and financing products across Australia.

We offer a complete Boat finance service, also able to organise insurance for comprehensive boat insurance, and vendor finance programmes to boat dealers and brokers.

Need More Information

Call Us Now on 1300 959 144 or simply email us at info@equipfin.com.au we will give you an immediate approval indication and have your loan underway in no time at all!

 
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