Mercantile Marine Act, 1955

Prohibition of registry and saver for certain ships.

20.—(1) Subject to subsection (2) of this section a ship which is not wholly owned by one or more qualified persons shall not be registered under this Act.

(2) Notwithstanding section 16 of this Act, a ship, whether owned by qualified persons or not, whose name is entered before the date of the passing of this Act, in a register book at a port in the State shall be deemed to be duly registered under this Act.