Shipping Investment Grants Act, 1969
|
Restriction on making of grants under this Act. |
3.—(1) No grant shall be made under this Act to— | |
(a) an individual who is not both a citizen of and ordinarily resident in the State, | ||
(b) a body corporate which is not both incorporated 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 and resident in the State. | ||
(2) No grant shall be made under this Act in respect of a ship or the provision of a part of, or equipment for, a ship, which— | ||
(a) is not registered in the State under Part II of the Mercantile Marine Act, 1955 , | ||
(b) is of less than 100 tons gross tonnage, or | ||
(c) is not self-propelled. | ||
(3) No grant shall be made under this Act in respect of— | ||
(a) a fishing vessel, | ||
(b) a tug, or | ||
(c) a vessel (including a dredger) used primarily as a floating platform for working machinery and not employed in normal shipping operations. |