(1) Where a ship is provisionally registered, a mortgage executed outside Saint Lucia may be produced to a consular officer who shall notify the Registrar of Ships of the production of the mortgage and the names of the parties thereto, with the amount secured, and the mortgage shall as soon as possible be produced to the Registrar of Ships to be recorded.
(2) Where the Registrar of Ships has received notice of the provisional registration of a ship and of the production of a mortgage relating to the ship, the mortgage shall be deemed to be registered and its priority shall be preserved from the time of receipt by the Registrar of Ships of the notice of the mortgage, or whichever first happens, and the Registrar of Ships shall make an appropriate entry in the register book of ships.
(3) The provisions of section 60(2) shall apply to mortgages under this section as they apply to mortgages under that section. However the day and hour of record shall not derogate from any priority preserved under subsection (2) of this section.
(4) On the final registration of a ship provisionally registered under this section the priority of any mortgage recorded under this section shall be preserved despite that such provisional registration may have ceased to have effect before the final registration.