In case a ship mortgage is established without registration and the mortgagee transfers the mortgaged ship to a third party, the mortgagee may not act against the transferee of the mortgaged ship.

• 为船舶设定抵押权但未登记，抵押权人将被抵押船舶转让第三人时，抵押权人不得对抗被抵押船舶的受让人；