As of April 1, 2024, Vessel Registration fees are changing. Find out more in the Canada Gazette, Part II, Regulations Amending the Marine Safety Fees Regulations (Vessel Registry Fees)
Register a builder’s mortgage
Fee: $150
Only vessels recorded as under construction in the Canadian Register of Vessels can have a registered builder’s mortgage. So before you add a builder’s mortgage, you’ll need to record the vessel under construction.
To register a builder’s mortgage:
- Provide the following: Form 16 - Builder’s Mortgage [PDF, 677 KB]
- Submit and pay
Transfer a builder’s mortgage
Fee: $150
- Provide the following to transfer a builder’s mortgage:
-
The original endorsed mortgage deed, Form 16 - Builder’s Mortgage [PDF, 50 KB], with the section “Transfer of Mortgage” completed and signed by the mortgagee
Note: if the mortgage deed does not have a "Transfer of Mortgage" section, contact the Vessel Registration Office.
If the original endorsed mortgage deed is lost or destroyed, submit:
- Form 11 - Declaration for Marine Mortgage [PDF, 1.21 MB], completed by the mortgagee and signed under oath
-
- Submit and pay
Discharge a builder’s mortgage
No fee
When a builder’s mortgage has been paid off, the mortgagee must submit a request to discharge the mortgage to remove it from the registry.
- Provide the following to discharge the builder’s mortgage:
-
The original endorsed builder’s mortgage deed, Form 16 - Builder’s Mortgage [PDF, 50 KB], with the section “Discharge of Mortgage” completed and signed by the mortgagee
Note: if the mortgage deed does not have a "Discharge of Mortgage" section, contact the Vessel Registration Office.
If the original endorsed builder’s mortgage deed is lost or destroyed, submit:
- Form 11 - Declaration for Marine Mortgage [PDF, 1.21 MB], completed by the mortgagee and signed under oath
-
- Send the document to the Vessel Registration Office