Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (CERTIFICATION AND LICENSING) REGULATION,MERCHANT SHIPPING (LOCAL VESSELS) (CERTIFICATION AND LICENSING) REGULATION - SECT 24

Certificate of ownership and other documents ceasing to have effect on death or dissolution of owner, etc.

(Past version on 02/01/2007).

Cessation of certificate of ownership on death or dissolution of owner, etc.;
interim ownership

The certificate of ownership of a local vessel, and a full licence,
temporary licence or permission for a laid-up vessel for the vessel, shall
cease to have effect—

   (a)  unless otherwise provided for in section 23 or 26 (including, in the
        case of section 23, that section as applied by section 29), on the
        death of the individual named as the owner of the vessel in the
        certificate of ownership;

   (b)  on the dissolution of the company or non-Hong Kong company within the
        meaning of the Companies Ordinance ( Cap 32) that is named as the
        owner of the vessel in the certificate of ownership; (30 of 2004 s. 3)

   (c)  on the person named as the owner of the vessel in the
        certificate of ownership ceasing to be a person referred to in section
        12(1)(a) or (b) of the Ordinance; or

   (d)  on the vessel being despatched permanently from Hong Kong or being
        broken up or destroyed.