(1) No person having possession or control of a certificate of registry of a ship shall-
(a) detain such a certificate by reason of a claim by an owner mortgagee, charterer or other person to any title to, lien or charge on, or interest in, the ship; or
(b) fail, without reasonable excuse, to deliver the certificate on request to the person entitled to custody of it for the purpose of the lawful navigation of the ship, or to the Registrar or any other person entitled by law to require its delivery.
(2) Any person who contravenes subsection (1) commits an offence and is liable to a fine of $10000 and to imprisonment for 6 months.
(3) If, in any proceedings in respect of an offence against this section in relation to a certificate of registry the court or a magistrate is of the opinion that the certificate is, or should be treated as, lost, the court or magistrate shall make an order to that effect and cause a copy of the order to be served on the Registrar.