Malaysia legislation
Section 17
Section 17
Termination of registration of yacht
(1)
The Director General may terminate the registration of a
Langkawi yacht—
(a)
if he determines that having regard to the matters mentioned in paragraph 16(l)(c) or (d), or subparagraph 16(1)(a)(i), it would not be in the interest of the Registry or international yachting for the yacht to continue to be registered;
(b)
if any fees payable under this Act remain unpaid for a period of more than one year;
(c)
if the yacht is no longer entitled to be registered under this Act;
(d)
on an application by the owner of the Langkawi yacht stating that he wishes to terminate the registration of the yacht;
(e)
upon the yacht becoming a total loss or being otherwise destroyed;
(f)
if the yacht, other than a bareboat chartered yacht, at the time of registration remains registered in a place outside
Malaysia; or
(g)
if the yacht subsequently becomes registered in a place outside Malaysia.
19
Langkawi International Yacht Registry
(2)
In the event of a Langkawi yacht being in a condition referred to in paragraph (1)(e), every owner of the yacht or a share in the yacht shall, immediately upon obtaining knowledge of the event, inform the Director General and an entry in respect of such matter shall be made in the Yachts Register.
(3)
Where the Director General intends to terminate the registration of the yacht in pursuance of paragraph (1)(a), (b), (c), (e), (f) or
(g)
, the Director General shall serve a notice on the owner of the yacht stating that the registration of the yacht is to be terminated and the grounds for such termination.
(4)
Before terminating the registration of the yacht, the Director
General shall give the owner of the yacht an opportunity to show cause within a period as specified in the notice as to why the registration should not be terminated.
(5)
If—
(a)
the registration of the yacht is terminated under paragraph
(1)
, (b), (c), (f) or (g)—
(i)
the Director General shall notify all the registered mortgagees of the closure of the registration of the yacht, and the mortgagee’s interest in respect of the yacht shall remain registered, except that where it is proved that the mortgagee was privy to the possibility of the yacht being used for criminal purposes, the Director General shall delete the registration of the mortgagee’s interest in the yacht;
and
(ii)
the Director General may, at the request of the owner of the yacht, issue a certificate of deletion in the prescribed form confirming that the yacht has been deleted from the Yachts Register, and stating the status of any mortgage registered in respect of that yacht; or
(b)
the registration is terminated under paragraph (1)(d) or
(e)
, the Director General shall issue a closure transcript to the owner of the yacht.
20
(6)
On receipt of the certificate of deletion or the closure transcript referred to in subsection (5), the owner of the yacht shall—
(a)
immediately surrender the certificate of registry for the yacht to the Director General for cancellation; and
(b)
remove from the yacht the carving and marking required under this Part and send a written confirmation of such removal to the Director General.