Malaysia legislation
Section 29
Section 29
Permission to register a yacht in a bareboat charter registry of another jurisdiction
(1)
The Director General may, subject to such conditions as may be prescribed, grant permission to the owner of a Langkawi yacht to register the yacht in the bareboat charter registry of another jurisdiction.
(2)
The owner of a Langkawi yacht who intends to register the yacht in a bareboat charter registry of another jurisdiction shall apply to the Director General in writing and provide such particulars as may be prescribed.
(3)
Save for the registration of ownership and mortgages, if any, which shall remain intact in the Registry, the registration of the Langkawi yacht under this Act shall be suspended while the yacht is registered in a bareboat charter registry of another jurisdiction.
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Langkawi International Yacht Registry
(4)
The owner of the Langkawi yacht that is registered in a bareboat charter registry of another jurisdiction shall immediately surrender the certificate of registry for the yacht issued under this
Act once the registration has been completed.
(5)
The Director General may revoke the permission granted under subsection (1)—
(a)
where the yacht ceases to be registered in the bareboat charter registry at which it is registered;
(b)
where the bareboat charter terminates, whether upon its expiry or otherwise;
(c)
upon an application from the owner or registered mortgagee of the yacht to terminate the permission granted in pursuance of subsection (1); or
(d)
at the request of the authorities of that other jurisdiction in which the yacht is registered as a bareboat chartered yacht.