28. Liability of mortgagee
When, during the continuance of the mortgage, the mortgagee takes possession of the mortgaged vessel or is asserting a claim before the court for possession of the vessel, he shall be responsible for---
(a)
managing the vessel as if it were his own vessel;
(b)
making such necessary repairs to the mortgaged vessel as may be required for the smooth operation and normal functioning of the vessel;
(c)
ensuring that no act is committed which is destructive or permanently injurious to the vessel; and
(d)
such other liability as may be prescribed.