What Punk666 and Tinsaafl have said is correct, however that is not the question that the OP is asking.
The OP has a student who wants to be an FAA MEI, which requires 15 hours of ME PIC. So we are looking at FARs, not JARs.
Does the student log PIC in this case under FARs?
to be honest, I don't know the answer, as I look at FAR 61.51, the definition says that you can log PIC for an aircraft in which you are rated... but the question is how do we define rated? Maybe you should ask the FSDO for interpretation.
Last edited by zondaracer; 16th Apr 2012 at 20:44.