Malaysia legislation
Section 25
Section 25
Registration of bareboat chartered yacht
(1)
A yacht is entitled to be registered under this section if—
(a)
it is registered under the laws of a country other than
Malaysia, being the country of primary registration;
(b)
it is chartered on bareboat charter terms to a person who is qualified to own a yacht under this Act;
(c)
it is operated under a bareboat charter which complies with the prescribed requirements; and
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(d)
in respect of the yacht, the primary registry has granted permission to the bareboat charterer to register the yacht in a bareboat charter registry of another jurisdiction.
(2)
An application for the registration of a yacht under this section shall be made to the Director General in the prescribed form, and shall comply with the prescribed conditions.
(3)
Every application for registration shall be accompanied with the prescribed fee and such documents as may be required by the
Director General.
(4)
The Director General may register the yacht and shall enter in the Yachts Register the prescribed particulars.
(5)
Upon the registration of the yacht, the Director General shall issue a certificate of bareboat charter registry in the prescribed form.
(6)
The registration of the yacht under this section shall, unless terminated under section 27, remain in force until the end of the bareboat charter period and shall then terminate.
(7)
Where a yacht is registered under this section or where the registration of a yacht is terminated in pursuance of section 27, the particulars in respect of such yacht shall be notified to the authority in the country of primary registry.
(8)
A bareboat chartered yacht registered under this section shall for the purposes of this Act be treated as a Langkawi yacht and the requirements pertaining to a Langkawi yacht under this
Act shall apply to such yacht to the extent that they are relevant.
(9)
Where a bareboat chartered yacht is registered under this section, neither the rights nor proprietary interests of the owner in respect of the yacht, nor the rights and obligations of any parties to a contract, bill of sale, mortgage, charge or other instrument creating or disposing of a legal or equitable interest in the yacht, whether existing at the date of registration of the yacht under this section or created after that date, shall be affected by such registration or governed by this Act.
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Langkawi International Yacht Registry