A Grenadian ship might be utilized as security for a mortgage. Enlistment of a mortgage guarantees that the Mortgagee's advantage in a vessel is noted in the Register of Ships and the need of that interest is enrolled. Enrollment of a mortgage requires the accommodation to the Registrar, of the properly executed mortgage report (standard Short Form) with the Deed of Covenants or Mortgage Agreement and the relevant Fee.

The release of an enrolled contract is a comparatively straightforward cycle, requiring the creation to the Registrar, of the properly executed Discharge Receipt. This should be authenticated and where pertinent, join by the approval given to execute the release receipt.

Where the solicitation is by other than an embraced duplicate of the short structure contract record, such a solicitation ought to:

1. Clearly and particularly identify the mortgage
2. Clearly and particularly identify the vessel
3. Clearly and particularly identify the mortgagee
4. Clearly and particularly state the consideration (amount by which the mortgage is settled)
5. Clearly and particularly state the discharge date
6. Bear the name and office of the signatory
7. Be authenticated

It is fitting to demand a Transcript of the Register in applying for the enrollment or mentioning the release of a home loan.