Clause 35

Where a ship is to be registered anew, the Registrar shall proceed as in the case of initial registry and on the requisites to registry, or such of them as the Registrar considers material, being duly complied with, shall make such registry anew and grant a new certificate of registry.

Where a ship has been registered anew under subsection (1), the former certificate of registry shall be delivered up to the Registrar for cancellation and the Registrar shall make an entry thereof in the former register.

Where a ship is registered anew, its former register shall be deemed to be closed (except in relation to any unsatisfied mortgages entered thereon) but the names of all persons appearing on the former register to be interested in the ship as owners or mortgagees shall be entered on the new register, and the registry anew shall not in any way affect the rights of any of those persons.