SCHEDULES
SCHEDULE 1 Private Law Provisions for registered ships
Transfers etc of registered ships
2
1
Any transfer of a registered ship, or a share in such a ship, shall be effected by a bill of sale satisfying the prescribed requirements, unless the transfer will result in the ship ceasing to have a British connection.
2
Where any such ship or share has been transferred in accordance with sub-paragraph (1) above, the transferee shall not be registered as owner of the ship or share unless—
a
he has made the prescribed application to the registrar; and
b
the registrar is satisfied that the ship retains a British connection and that he would not refuse to register the ship.
3
If an application under sub-paragraph (2) above is granted by the registrar, the registrar shall register the bill of sale in the prescribed manner.
4
Bills of sale shall be registered in the order in which they are produced to the registrar for the purposes of registration.