Chapter 2 Vessel Carriers
Section 1 Permit and Registration
Any person desiring to engage in business as a vessel carrier shall make an application, with enclosure of the following documents, to the shipping administration forsubmission to the competent authority for approval to establish the company:
1. Application Form (see Attachment 1);
2. Photocopies of Name List and personal ID of all shareholders or initiators;
3. Operation plan elaborating operation plans, vessel's construction or purchase specifications, capital financing, and fund raising plan; and
4. Memorandum of Articles of Company.
Any newly established vessel carrier who intends to modify the originally approved operation plan during the grantedestablishment period, shall forward a statement of reasons, along with the amended operation plan, to the shipping administration for submission to the competent authority for approval.
Any newly established vessel carrier shall have a paid-up capital of no less than the sum set forth hereunder:
1. For new buildings, the paid-up capital shall be the sum that is sufficient to pay for 10% of total construction cost for the new vessels.
2. For existing vessels, the paid-up capital shall be the sum that is sufficient to pay for 20% of total purchase cost for the existing vessels.
Any vessel carrier granted for establishment of company, shall complete the Registration of Company by law, acquire its own vessels registered in the Republic of China and make an application, with the enclosure of the following documents, together with a permit fee, to the shipping administration for document review and submission to the competent authority for the issuing of a Vessel Carrier Permitwithin six months afteran approval for establishment of company is received:
1. Application Form (see Attachment 3);
2. Photocopies of the Company License and Business License;
3. Articles of Company;
4. Name List of Directors, Supervisors and Managers (see Attachment 2);
5. List of Vessels (see Attachment 4);
6. Company flag and logo.
Any carrier failing to apply for the permit within the specified period granted for establishment of company shall be liable to the revocation of permission to establish the company. Nonetheless, such time limit may be extended upon request, provided that the extension is sustained by due reasons and a request is made within 30 days before the period expires; however, it shall not exceed six months and each company is limited to two extensions.
Any newly established vessel carrier who has completed procedures for taking delivery of the vessel it owns, received a Provisional Certificate of Ship's Nationality, and made an application for the Vessel Carrier Permit pursuant to Article 5 hereinbefore may apply to local shipping administration for issuing a Provisional Vessel Carrier Certificate.
The Provisional Vessel Carrier Permit aforesaid shall be effective for a period identical to that for the Provisional Certificate of Ship's Nationality, and shall be void and null upon exchange of the official Vessel Carrier Permit.
Any vessel carrier desiring to alter the organization and name of its company shall make an application to the shipping administration for document review and submissionto the competent authority for approval. The vessel carrier may then apply for reissuing the Vessel Carrier Permit within 30 days after completing the registration of such alteration by law, with the Application for Permit Replacement (Attachment 3), Application for Change of Registration (Attachment 5), Referenced List of Changes (Attachment 6), and payment for the associated fees, to the shipping authority for document review and submission to the competent authority for reissuance of the vessel carrier permit.
Any vessel carrier who alters its address, capital, statutory representative, board members, supervisors, and managers shallforward an Application for Change of Registration (Attachment 5) and a Referenced List of Changes (Attachment 6, Attachment 7) with the shipping administration for filing within 30 days after the registration of alteration is made.In case of establishment of a branch and alteration of its address and managers, the above stipulations apply.
Any vessel carrier who changes its company flag or logo shall forward relevant documents to the shipping administration for filing and submission to the competent authority.