Provisions concerning mortgages on real property apply mutatis mutandis to a mortgage on a ship. In this case, the phrase "if an obligee does not enforce the mortgage by filing a petition for auction within two months" in Article 384, item (i) of the Civil Code is deemed to be replaced with "if an obligee does not enforce the mortgage by filing a petition for auction or give notice to the third party acquirer that the obligee has not approved its offer within two months, or if the obligee giving that notice does not enforce the mortgage by filing a petition for auction within one week after the obligee becomes able to file it".
船舶の抵当権には、不動産の抵当権に関する規定を準用する。この場合において、民法第三百八十四条第一号中「抵当権を実行して競売の申立てをしないとき」とあるのは、「抵当権の実行としての競売の申立て若しくはその提供を承諾しない旨の第三取得者に対する通知をせず、又はその通知をした債権者が抵当権の実行としての競売の申立てをすることができるに至った後一週間以内にこれをしないとき」と読み替えるものとする。
ship
「船舶」
In the part on maritime commerce (except Article 747), a ship used for navigation for the purpose of commercial transactions (商行為), other than rowboats and other boats driven only or mainly by oars.
Defined inArticle 684, paragraph (1)
registration
登記
Entry in a public register kept by a registry office (登記所) — a Legal Affairs Bureau or one of its branch offices — so that the matter is made public (Real Property Registration Act, Articles 1 and 6, paragraph (1)). Rights in land and buildings, such as ownership, a superficies (地上権), a statutory lien (先取特権), a mortgage and a right of lease (賃借権), can be registered under that Act (Article 3), and matters the Commercial Code, the Companies Act and other Acts require to be registered are registered under the Commercial Registration Act (Article 1). Registration also lets a right be asserted against third parties: acquiring, losing or changing a right in rem (物権) in land or a building, such as ownership, cannot be asserted against third parties until it is registered (Civil Code, Article 177), and a matter the Companies Act requires to be registered cannot be asserted against a third party who does not know of it until it has been registered, nor, even after that, against one who had a justifiable reason for not knowing of the registration (Companies Act, Article 908, paragraph (1)).
Written by AI using Real Property Registration Act, Arts. 1, 3, 6, Commercial Registration Act, Art. 1, Civil Code, Art. 177 and Companies Act, Art. 908 as a reference.