|548A||Title:||MERCHANT SHIPPING (LOCAL VESSELS) (DWELLING VESSELS) REGULATION||Gazette Number:||L.N. 158 of 2001; L.N. 282 of 2006|
|Section:||5||Heading:||Owner to notify Director of change in ownership||Version Date:||02/01/2007|
(1) If, at any time while a licence is in force, a change occurs in the ownership of the dwelling vessel in respect of which the licence is issued, the new owner of the vessel shall, within 72 hours after the occurrence of the change, notify the Director of the change in a form specified by the Director and deliver the licence to the Director for amendment.
(2) On receipt of a notification of a change in ownership given under subsection (1), the Director shall cause the particulars of the change to be noted, free of charge, on the licence issued in respect of the vessel concerned.
(3) A person who, without reasonable excuse, contravenes subsection (1) commits an offence and is liable on conviction to a fine at level 2 and to imprisonment for 6 months.