(1) Interests in airborne, waterborne and rail borne vehicles are governed by the law of the State of origin. This is
1. as to aircrafts the State of their nationality,
2. as to watercrafts the State where they are registered, otherwise the home port or home location,
3. as to rail vehicles the State of registration.
(2) The coming into existence of statutory security interests in these vehicles is subject to the law applicable to the underlying claim. The ranking among several securities follows Article 43 paragraph 1.