The ‘international interest’ is an interest, constituted
in accordance with the Convention in
the prescribed categories of mobile equipment
and granted under a security agreement, title
reservation agreement or lease. Such interests
will attract the operation of Article 30(1) only
if they are registered under the Conventionregistration regime. Article 30 neither provides
for nor inhibits the recognition of an interest
that is registrable but not registered under the
Convention: the treatment of such an interest is
simply left to the applicable law