Malaysia legislation
Section 42
Section 42
(2)
The person so named shall be entitled to transfer the property in the ship in the same manner and to the same extent as if he were the registered owner of the ship.
(3)
The Registrar shall deal with any application relating to the transfer of the property in the ship made by the person so named as if that person were the registered owner of the ship.
The Court may prohibit dealing with registered ship.