Where it is leased after the establishment of the mortgage right, the leasehold relation may be challenge the registered mortgage right.
抵押权设立后抵押财产出租的，该租赁关系不得对抗已登记的抵押权。
2
It stipulates the public method of Mortgage of Ships together with Bareboat Leasehold, the effect of no registration shall not act against a third party.