Transfer of ownership of a ship

(1) Save as otherwise provided in Section 11 of this Act, for vessels under construction, the ownership of a registered vessel shall be transferred by the handing over of a bill of sale followed by the physical delivery of the vessel to the purchaser. ship. (2) For the purpose of subsection (1) of this section, a bill of sale shall contain the IMO number of the ship and such description of the ship as is contained in a surveyor’s certificate issued by a duly authorized surveyor or some other description sufficient to identify the ship to the satisfaction of the Registrar. (3) The execution by the seller and the purchaser of a protocol of delivery and acceptance shall be deemed sufficient evidence that the vessel has been physically delivered to the purchaser. (4) The signatures on the bill of sale and protocol of delivery and acceptance shall be authenticated by a notary public or a Deputy Registrar of IMMARBE in the place where such documents are issued before they can be registered at the (5) In addition to the document referred to in subsection (3) of this section, the Registrar may accept any evidence he considers appropriate as evidence of delivery for the purpose of subsection (1) of this section.