712. The Convention on International Interests in Mobile Equipment (2001) and the Protocol on Matters Specific to Aircraft Equipment (the 'Cape Town Convention and Protocol').

The Cape Town Convention and its associated Protocol1 are intended to establish a legal framework for international interests in mobile equipment of high value or particular economic significance and to create an international registration system for their protection, replacing the Geneva Convention2 in so far as relating to aircraft and aircraft objects. The Cape Town Convention is supplemented by the Protocol with specific reference to aircraft equipment in order to meet the particular requirements of aircraft finance and to extend the sphere of application of the Convention to include contracts of sale of aircraft equipment. The United Kingdom has