Conditions for payment of grant11.
(1)
The applicant shall surrender the licence in respect of the vessel to the Ministers.
(2)
The applicant shall take all necessary steps to ensure that the vessel is removed from the register.
(3)
The applicant shall furnish to the Ministers before 1st March 1994 a declaration that the vessel has been scrapped, that it has been removed from the register and that the licence in respect of the vessel has been surrendered.