Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (DWELLING VESSELS) REGULATION - SECT 18

Sale of detained vessels, etc.

(1) If a vessel that is the subject of a notice served under section 16(6) is
not released pursuant to section 17(2), the Director may sell the vessel by
public auction or otherwise as he thinks fit.

(2) The proceeds of sale of a vessel sold under subsection (1), after
deducting all expenses incurred as a result of or in connection with the
seizure, removal, detention and sale of the vessel, shall be paid to the owner
of the vessel if he claims them within 1 year after the date of the sale, or
forfeited to the Government if the owner of the vessel does not claim them
within that period.

(3) A vessel that the Director is unable to sell under subsection

(1) may be destroyed or otherwise disposed of as the Director thinks fit.

(4) If any property on board a vessel that is the subject of a notice served
under section 16(6) is not released pursuant to section  17 (2), such property
shall become the property of the Government free from the rights of any person
and may be disposed of by the Director as he thinks fit.