Mercantile Marine Act, 1955

Declaration of transfer.

44.—Where a registered ship or a share therein is transferred, the transferee shall not be entitled to be registered as owner thereof until he, or, in the case of a body corporate, the person authorised by section 83 of this Act to make declarations on behalf of that body, has made and signed a declaration (in this Act called a declaration of transfer) referring to the ship, and containing—

(a) a statement of the qualification of the transferee to own a registered ship, or, if the transferee is a body corporate, of such circumstances of the constitution and business thereof as prove it to be qualified to own a registered ship; and

(b) a declaration that, to the best of his knowledge and belief, no person or body of persons who are not qualified persons is entitled as owner to any legal or beneficial interest in the ship or any share therein.