Singapore legislation
Regulation 12
of Maritime and Port Authority of Singapore (Pleasure Craft) Regulations
Regulation 12
Change of ownership
Subregulation 1
On a change of ownership of a pleasure craft, the previous owner and the new owner shall both within 7 days of the change of ownership submit to the Port Master documentary or other evidence of the change of the ownership of the pleasure craft and any licence granted to the previous owner in respect of the pleasure craft.
Subregulation 2
Where the Port Master is satisfied that ownership of the pleasure craft has been transferred to the new owner, the licence granted to the previous owner shall be transferred to the new owner and is valid for the remainder of the period for which it was granted.