Shipping Investment Grants Act, 1987

Restriction on making of grants under Act.

3.—(1) The Minister shall not make a grant under this Act to—

(a) an individual who is not both a citizen of, and ordinarily resident in, the State, or

(b) a body corporate which is not both incorporated in, and resident in, the State, or

(c) a partnership, if any of the members thereof is either an individual who is not both a citizen of, and ordinarily resident in, the State, or a body corporate which is not both incorporated in, and resident in, the State.

(2) The Minister shall not make a grant under this Act in respect of a ship which is—

(a) not registered in the State under Part II of the Mercantile Marine Act, 1955 ; or

(b) of less than 1,000 tons dead weight tonnage,

(c) not self-propelled, or

(d) more than seven years old at the date of its purchase, or

(e) a ship in respect of which a grant under this Act has already been made.

(3) The Minister shall not make a grant under this Act in respect of—

(a) a fishing vessel, or

(b) a tug, or

(c) a vessel (including a dredger) which is used primarily as a floating platform for working machinery and is not employed in normal shipping operations, or

(d) a vessel which is used for the purposes of transporting supplies or personnel to, or providing services in respect of, a mobile or fixed rig, a platform, a vessel at sea or any other installation of any kind at sea.