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2. VESSELS UNDER CONSTRUCTION

Recording a vessel 

Vessels under construction may be recorded. This is a process that falls short of full registration, but is useful if you want to register a builder's mortgage. In fact, if you are a builder or the intended owner, the only way that you can obtain and register a builder's mortgage is to have the vessel recorded. If you are using your money to have a vessel built, having it recorded provides you with some security. 

If you wish to record a vessel under construction you should complete a form called Description of Ship Proposed to be Built and forward it to the Port of Registry you chose from the list in the Appendix. You will be given a number that must be displayed on the hull while the vessel is under construction.

A builder's mortgage is then recorded in the same way as a vessel's mortgage. 

Please see http://www.tc.gc.ca/MarineSafety/Ships-and-operations-standards/registration-form.htm

Reserving a name  ^

If you want to have a name approved while your vessel is under construction, you will have to apply and pay another fee. There are few restrictions that apply to naming a vessel. You cannot have a name that is already used by another Canadian vessel, but adding a roman numeral after the name is a way to create a different name. Please see page xx to learn how to have a name approved.

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