A judicial sale can also generate a higher selling price and exclude claims challenging the adequacy of the sale price. 6 Salaries and bursaries and other dock facilities directly entrusted by the owner, operator or master of the ship to load and unload the ship. There is no required form of Liberian preferential mortgage. However, there are certain elements that must be included in a Liberian mortgage in order for it to be considered a “preferred mortgage”. In the United Kingdom, Regulation 59 of Merchant Shipping (Registration of Ships) Regulations 1993, mortgages on a ship or an interest in a UK registered vessel may transfer their interests to the registration and be registered by it. .