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29. (1) In the event of a registered ship being either actually or constructively lost, taken by the enemy, burnt or broken up, or ceasing by reason of a transfer to persons who are not qualified persons, or otherwise, to be a registered ship, every owner of the ship or of any share in the ship shall, immediately on obtaining knowledge of the event, if no notice has already been given to the Minister, give notice to the Minister in an approved form who shall make an entry in the Register and the registration of the ship in the Register shall be considered as closed except so far as relates to any undischarged mortgages.
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(2) In any such case, except where the ship’s certificate of registry is lost or destroyed, the master of the ship shall, if the event occurs in a port in the State, immediately, but if it occurs elsewhere, then not later than 10 days after arrival in a port in the State, deliver the certificate of registry to the Minister.
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