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16. After regulation 48(2) (refusal of registration of transfer or transmission), insert—
“(3) If, on an application for transfer or transmission of a ship or shares in a ship, the Registrar is satisfied that the ship is a sanctioned ship—
(a)the Registrar must serve a notice on the owner of the ship in accordance with paragraph (4), and
(b)the ship’s registration terminates at the end of the day on which that notice is served.
(4) The notice must state that the ship’s registration terminates under paragraph (3) at the end of the day on which the notice is served.”.
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