(1) Where the High Court, whether under this Part or otherwise, orders the sale of any ship or share therein, the order of the Court shall contain a declaration vesting in a person named by the Court the right to transfer that ship or share, and that person shall be entitled to transfer the ship or share in the same manner and to the same extent as if that person were the registered owner.
(2) The Registrar of Ships shall comply with any requisition of the person so named by the Court in respect of any such transfer to the same extent as if such person were the registered owner.