20
Transitional arrangements may be made for
ships already on the Hong Kong Register which
are not owned in accordance with (a) or (b)
provided they comply with all other
requirements".
3.19.
The UN Conference ownership requirements
stipulate the following:
(a)
the flag State [shall] [should] provide
in its laws and regulations for the
ownership of ships flying its flag; and
(b)
in such laws and regulations the flag
state [shall] [should] include
appropriate provisions for participation
by its nationals as owners of the ships
flying its flag and for the level of such
participation and they should be
sufficient to permit the flag State to
exercise effectively its jurisdiction and
control over the ships flying its flag.
We consider that the ownership criteria above are
sufficient to meet these requirements.