A vessel under the Palauan flag can be used as security for the repayment of a loan or discharge of other obligations by way of mortgage filed in the standard form provided by the PSR. A valid mortgage, which includes the whole of any vessel, has preferred status from its date of recordation.

船舶登记后，抵押权登记可以凭有关文件立即生效。

优先抵押权可以担保因受优先抵押权规定约束的交易而产生的或双方之间可能产生的所有债务或义务，无论这些债务是现在的、将来的、实际的还是可能发生的。除其他条款和条件外，优先抵押权还应规定贷款的最高金额和到期日，或贷款终止日的声明（如果与到期日不同）。

Recordation of the mortgage date and hour at which PSR proceeds with recordation is the date and hour at the location of the relevant head office of the PSR at which such recordation takes place and is effected.

A certified extract of a preferred mortgage, recorded with PSR, is acceptable as evidence of the recordation of a mortgage, including also the date of recordation thereof.  In this regard, a certificate of ownership and encumbrance shall also, upon request, be issued evidencing all recorded mortgages, encumbrances and related instruments with respect to the vessel.

Please contact PSR by email info@palaushipreg.com and our qualified staff will be able to assist you about documentation and list of requirements for the recordation of mortgage.