1986 Ed.] Merchant Shipping (Pleasure Vessels)
Regulations
(b) any person who-
3.
[CAP. 281
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[Subsidiary]
(i) is the owner of a pleasure vessel which is subject to the terms of a hire-purchase agreement, bill of sale or other similar instrument but who is not entitled to possession of the pleasure vessel; or
(ii) has possession or control of a pleasure vessel under the terms of a charter agreement,
shall be deemed not to be the owner of the pleasure vessel.
(1) An application for a licence in respect of a pleasure vessel shall be made-
(a) where the pleasure vessel is owned by an individual who is the sole owner, by that individual;
(b) where the pleasure vessel is owned by 2 or more persons at least one of whom is an individual, by that individual or, if more than one of the owners are individuals, by one of such individuals who is nominated by the other owners for that purpose;
(c) where the pleasure vessel is owned solely by a company, by an individual who is nominated by the company for that purpose.
(2) An application made under paragraph (1) shall be submitted to the Director on a form specified by him and shall contain-
(a) the name and address of the owner or owners;
(b) particulars of the pleasure vessel and of any other pleasure vessel attached to or carried on it to which paragraph (8) applies; and
(c) such other particulars of the vessel and of the owner or owners thereof as the Director may from time to time require to be furnished to him.
(3) On receipt of an application under this regulation and on payment of the prescribed fee, the Director may issue a licence, licence disc and licence number in respect of the pleasure vessel for which the application is made and shall endorse on the licence the name of the applicant as the licensed owner of the pleasure vessel.
(4) A licence shall be valid for such period, not exceeding 12 months, as shall be specified by the Director in the licence and shall be subject to such conditions as the Director thinks fit; and such conditions shall be endorsed on the licence.
(5) The form of a licence and of a licence disc shall be determined from time to time by the Director.
(6) The Director may endorse on a licence a condition that the pleasure vessel and any other pleasure vessel which, under paragraph (8), is included in the licence for the pleasure vessel-
pleasure vessels. L.N. 55/78.
L.N. 219/81.