Malaysia legislation
Section 27
Section 27
Termination of registration of bareboat chartered yacht
(1)
The Director General shall, if he is satisfied terminate the registration of a bareboat chartered yacht—
(a)
where it ceases to be operated under a bareboat charter, whether by reason of the termination of the bareboat charter or otherwise;
(b)
where the transfer by the bareboat charterer of his rights and obligations under the charter-party causes the registration of the bareboat chartered yacht to cease;
(c)
where the primary registry in respect of the yacht is closed or annulled; or
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(d)
where the permission referred to in paragraph 25(1)(d)
is revoked or withdrawn.
(2)
Section 17 shall, with necessary modifications, also apply in respect of a yacht entitled to be registered under section 25 as if the yacht was entitled to be registered under sections 8 and 9.
(3)
Where the Director General intends to terminate the registration of the bareboat chartered yacht, the Director General shall serve a notice on the bareboat charterer stating that the registration of the yacht is to be terminated and the grounds for such termination.
(4)
Before terminating the registration of the bareboat chartered yacht, the Director General shall give an opportunity to the bareboat charterer to show cause within a period as specified in the notice as to why the registration should not be terminated.
Transfer, transmission and mortgage not applicable 28.
The provisions of Division 6 of this Part relating to transfers, transmissions and mortgages shall not apply to a bareboat chartered yacht registered under section 25.