Regulation 3

Where, at any time while a certificate is in force, the person to whom the certificate has been issued ceases to be the owner of the ship to which the certificate relates, the certificate shall be cancelled by the Director.

Where, at any time while a certificate is in force, it is established in any legal proceedings that the contract of insurance or other security in respect of which the certificate was issued is or may be treated as invalid, the certificate may be cancelled by the Director.

Where, at any time while a certificate is in force, circumstances arise in relation to the insurer or guarantor named in the certificate (or, where more than one is so named, to any of them) such that, if the certificate were applied for at that time, the Director would be entitled to refuse the application under section 13(2) of the Act, the certificate may be cancelled by the Director.