XN000022-1990-07-04 — Page 25

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WEDNESDAY, JULY 4, 1990

"'QUALIFIED PERSONS' AS

1

DEFINED IN THE

BILL, HOLDERS OF VALID IDENTITY CARDS WHO ARE ORDINARILY

ARE EITHER RESIDENT IN KONG, COMPANIES INCORPORATED

HONG IN HONG KONG, OR OVERSEAS REGISTERED IN HONG KONG UNDER PART XI

COMPANIES OF THE COMPANIES ORDINANCE,' SHE SAID.

SHE ADDED THAT THE OWNER MUST ALSO ARRANGE FOR THE OF A "REPRESENTATIVE PERSON" TO REPRESENT THE SHIP'S OWNERS IN RESPECT APPOINTMENT OF ALL MATTERS CONCERNING THE SHIP'S OPERATION UNDER THE TERMS OF REGISTER.

THE

THIS PERSON MUST EITHER BE A QUALIFIED OWNER OR PART OWNER THE SHIP, OR A HONG KONG COMPANY WHICH WAS IN THE BUSINESS MANAGING OR ACTING AS AN AGENT FOR SHIPS, SHE SAID.

OF

OF

MRS CHAN POINTED OUT THAT THE TERMS OF THE HONG KONG WOULD BE MORE FLEXIBLE, IN MANY ASPECTS, THAN THOSE NOW UNDER THE UNITED KINGDOM REGISTER.

REGISTER APPLICABLE

UNLIKE THE UK REGISTER WHICH RESTRICTED THE NUMBER OF PAST OWNERS OF A SHIP THAT COULD BE REGISTERED, THE CURRENT BILL FOR THE PROPERTY IN A SHIP TO BE DIVIDED INTO ANY NUMBER OF SHARES

PROVIDED

PARTS HAVING ANY NUMBER OF OWNERS FOR THE PURPOSE OF REGISTRATION, SHE SAID.

OR

:

THE BILL ALSO PROVIDED FOR A SYSTEM OF PROVISIONAL REGISTRATION WHICH WOULD ENABLE OWNERS TO REGISTER THEIR SHIPS INITIALLY FOR A PERIOD OF THREE MONTHS, WITHIN WHICH TIME IT WOULD NECESSARY FOR THE OWNER TO COMPLETE THE VARIOUS SURVEY REQUIREMENTS, SHE ADDED.

ВЕ

MRS CHAN NOTED THAT SUCH ARRANGEMENT WOULD ALLOW OWNERS THE FLEXIBILITY TO REGISTER THEIR SHIPS INITIALLY, EVEN WHILE IN PORTS REMOTE FROM HONG KONG, PROVIDING THEY COULD ENSURE THAT THE NECESSARY SURVEYS WERE CARRIED OUT WITHIN THE PRESCRIBED TIME LIMIT.

TO FACILITATE THE PROCESS OF TRANSITION TO ARRANGEMENTS, MRS CHAN SAID THE BILL PROVIDED THAT REGISTERED ON THE CURRENT REGISTER WOULD BE DEEMED ΤΟ BE UNDER THE NEW HONG KONG REGISTER.

IN

SHIPS FOR WHICH AN APPLICATION FOR REGISTRATION WAS PENDING AT THE TIME THE HONG KONG SHIPPING REGISTER OPERATION WOULD BE REGISTERED UNDER THE NEW HONG KONG PROVIDING THEY COMPLIED FULLY WITH THE REQUIREMENTS OF REGISTER, SHE ADDED.

THE NEW SHIPS NOW

REGISTERED

HONG KONG CAME INTO

REGISTER, THE FORMER

DEBATE ON THE BILL WAS ADJOURNED.

0

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