Hong Kong Regulations

MERCHANT SHIPPING (LIABILITY AND COMPENSATION FOR OIL POLLUTION) (COMPULSORY INSURANCE) REGULATIONS - REGULATION 6

Cancellation and delivery up of certificates

(1) Where at any time while a certificate under section 16 of the Ordinance is
in force the person to whom the certificate has been issued ceases to be the
owner of the ship to which the certificate relates, he shall forthwith deliver
up the certificate to the Director and in such a case the certificate shall be
cancelled.

(2) Where at any time while a certificate under section 16 of the Ordinance is
in force it is established in any legal proceedings that the contract of
insurance or other security in respect of which the certificate was issued is
or may be treated as invalid, the certificate may be cancelled by the Director
and if so cancelled shall on demand forthwith be delivered up to him by the
person to whom it was issued.

(3) Where at any time while a certificate under section 16 of the Ordinance is
in force circumstances arise in relation to the insurer or guarantor named in
the certificate (or, where more than one is so named, to any of them) such
that, if the certificate were applied for at that time, the Director would be
entitled to refuse the application under subsection(2) of that section, the
certificate may be cancelled by the Director and if so cancelled shall on
demand forthwith be delivered up to him by the person to whom it was issued.

(38 of 1990 s. 32(1))