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The Merchant Shipping Act 1976 (Chapter 268, Statute Law of The Bahamas, 2009 Revised Edition) (the “MSA”) provides a simple, inexpensive and expedient procedure for the registration of ship mortgages in The Bahamas. Ships and ship mortgages are registered in the Port of Nassau on the Bahamian Register of Ships (the “Register”), which is maintained by the Bahamas Maritime Authority (“BMA”). The BMA has oces in Nassau, New York, London, Hong Kong and Piraeus, Greece.

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