Common use of Title and no Encumbrances Clause in Contracts

Title and no Encumbrances. (a) evidence that the transfer of title to the Collateral Vessel to which the Relevant Advance relates from the builder to the relevant Guarantor has been duly recorded with the relevant Registry free from Security Interest other than Permitted Security Interests; and (b) evidence that any prior registration of the Collateral Vessel to which the Relevant Advance relates in the name of any third party in any ship register, if any, has been deleted;

Title and no Encumbrances. (a) evidence that the transfer of title to the Collateral Vessel to which the Relevant Advance relates from the builder Builder to the relevant Guarantor has been duly recorded with the relevant Registry free from Security Interest other than Permitted Security Interests; and (b) evidence that any prior registration of the Collateral Vessel to which the Relevant Advance relates in the name of any third party in any ship register, if any, has been deleted;