Continuing provisions of the Act Amending and Supplementing the Ship Bank Act

(1) Where a ship mortgage is entered in the ship register for a claim payable in a foreign currency, the monetary amount of the claim and any ancillary payments, or the maximum amount up to which the ship is to be liable, may be stated in the foreign currency. The same applies to the entry of a ship mortgage in the register of ships under construction.
(2) The provisions repealed by Article 4(1) of the Act Amending and Supplementing the Ship Bank Act, in the consolidated version published in Federal Law Gazette Part III, classification number 7628-2-1, with the proviso that they remain applicable, insofar as they are still in force, to rights that were entered in foreign currency before the entry into force of the said Act, remain applicable unchanged for the extent and scope of application designated by the proviso.