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。

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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.

该条中将光船租赁权与船舶抵押权一并规定了登记的公示方法，以及未经登记不得对抗第三人的效力。

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