(1) In this Part the expression “beneficial interest” includes interests arising under contract or otherwise.
(2) Without prejudice to—
(a) the provisions of this Act for preventing notice of trusts from being entered in the register book or received by the Registrar of Ships;
(b) the powers of disposition and of giving receipts, conferred by this Act on registered owners and mortgagees; and
(c) the provisions of this Act relating to the exclusion of unqualified persons from the ownership of Saint Lucian ships,
beneficial interests may be enforced by or against owners and mortgagees of ships in respect of their interests therein, in the same manner as in respect of any other personal property.