Provisional Certificates may be issued by the Principal Registrar or by any Registrar appointed by the Principal Registrar in ports other than Bridgetown or London, or a Consular Officer if there is one available at the port where the ship is located.
The Provisional Certificate is required to state the descriptive particulars of the ship, the former and present name of the ship, the time and place of her purchase, the name and address of the purchasers and the name and nationality of the master. The provisional Certificate issued by the Consular Officer or Registrar is valid for a period of six months from the date of issue, with all information regarding the provisional registration being forwarded to the Principal Registrar to allow permanent registration within the allotted period.
A provisionally registered ship shall enjoy all the privileges and entitlements of a Barbados registered ship. This allows for a loan or other valuable consideration to be recorded in the form of a mortgage over a provisionally registered ship or its shares, provided that the prescribed mortgage document is returned by the Registrar undertaking the provisional registry to the Principal Registrar. The registrar accepting the mortgage for recording purposes shall note on each mortgage the fact that the mortgage was recorded, stating the date and hour of the recording. Such notation will have the effect, when made, of protecting the priority of the mortgage.
If the foregoing procedures are followed, on the ship becoming formally registered, the original Registrar must transfer and record the mortgage in the register maintained for that purpose, in the order it was first recorded, with the mortgagee having the absolute right of sale to dispose of the ship or share if within 30 days of the expiration of the provisional certificate, the ship has not fully complied with the requirements of registration notwithstanding that the mortgagor did comply fully with other requirements of the mortgage instrument.
