Time of notification is the point in time, where a report has been notified for registration in DSRG. For all reports entered digitally in the system regarding mortgage rights and negative pledges, this is the time when the Reporter punches the button
Reports notified on paper, the time of notification is the date and time, when the Register of Shipping has entered the report into DSRG.
The time of legal effect, is the point in time from which a registration has legal effect. That time is for rights of ownership, mortgage rights, pledges the time of reporting, but effective from the later point in time, when the individual right has been registered.
A different time of legal effect has been established in regards to Frequent register changes. There the report itself indicates a time and date of legal effect – which must be later than the actual reporting time – and again the date of legal effect is time of reporting stated, but after registration has taken place.
Registration of a vessel has legal effect, when registration has taken place.
If the Register of Shipping refuses a , the report loses the initially given time of notification. If on the other hand, the register receives a report and requires corrections before registration, the initial time of notification is maintained.
The time of legal effect is also decisive for the time as of when a mortgage right or a pledge may obtain a certain placement in the order of priorities. As a new thing, DSRG shows each registered rights actual position in the order of priorities. What is shown on “Skibsbladet” (the record in the Shipregister) is also dynamic - meaning the order of priorities is adjusted for each new registration of rights in the order of priorities – and this is shown on the register (with a delay to the real time registration of about 5 minutes). If a concrete, right is not shown with dynamic placement in the order of priorities, this is due to registrations made before digitalization and where the older registration for different reasons do not have the required information in order to digitally determine its concrete position in the order of priorities. Only mortgage rights and pledges, are part on the order of priorities.