Singapore legislation
Section 19
Section 19
Transfer to person qualified to own Singapore ship
(1)
Where a Singapore ship or any share therein is transferred to a person qualified to own a Singapore ship and the bill of sale is registered under section 18, the ship must, subject to section 42, be registered anew.
(2)
If the ship is not registered anew or its registry is not closed within 60 days of the date on which the bill of sale (or the first bill of sale if there are more than one bill of sale) is registered, the registry of the ship is deemed to be closed (except in relation to any unsatisfied mortgages entered therein) and the Registrar must make an entry thereof in the register.