Vessels under construction

(1) All vessels under construction may be registered in IMMARBE in the same manner as provided in Section 7(1) A vessel under construction shall be granted a provisional registration by means of a provisional certificate of registry, call letters and such data as shall be necessary for the identification and processing of its documents. If and when the permanent registration of such a vessel is to be made, a Tonnage Certificate must be presented, as well as the pertinent documentation for a Permanent Certificate of Registry, as set out in Section 9 of this Act. For the purpose of this subsection and Section 34 of this Act, the certificate issued by the shipyard, as provided in subsection (3) of this section, shall be considered as the ownership title to the vessel under (2) In case of registration of vessels under construction, other taxes and charges besides registration fees, will be paid from the time that vessel is launched. (3) A vessel shall be regarded as under construction for the purpose of this section once its keel has been laid or earlier, so long as a certificate from the shipyard where the vessel is being built shall attest to the following, (a) the name of the person for whom the vessel is being built; (b) the hull, IMO and Registration number of the 18 (c) the dimensions, tonnage and type of vessel; (d) the place, name and domicile of the shipbuilder; and (e) the undertaking by the builder to transfer ownership of the vessel under construction to the applicant and by the applicant to accept the transfer of the vessel. (4) The grant of provisional registration and data, as provided in subsection (1) of this section, shall entitle the owner to use the said data in the documentation to be prepared for the vessel during its construction, and in connection with any relevant financing or for any other technical or commercial purpose concerning the vessel. (5) The shipowner of a vessel under construction whose vessel has been granted provisional registration at IMMARBE shall be required to, (a) complete the permanent registration of the vessel at IMMARBE as soon as possible; and (b) notify IMMARBE of any changes in the vessel’s particulars submitted at the time of Fees.