Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

Section 56 deals with notices by intending mortgagees. Subsection (3) provides for regulations in regard to the giving of "priority notices" by intending mortgagees of ships that are to be registered on specified parts of the register. The existing provision does not include a reference to intending mortgagees of ships registered on the register, although subsection (1) does allow such persons to inform the Minister of their interest under the proposed mortgage. The purpose of amendment No. 22 is to remove this anomaly by amending subsection (3) to facilitate priority notice regulations for ships already registered on the register.