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Chapter Law Content

Chapter 2 Vessel Carriers
Section 2 Construction, Purchase and Sale of Vessel
Article 8
Any vessel carrier who builds new vessels shall produce, before building, an application for ship-building (see Attachment 8), a construction and operation plan, vessel specifications (including drawings of vessel layout), finances and repaying plan and other documents associated with ship-building and forward the above documents to the shipping administration for submission to the competent authority.
Article 9
Any vessel carrier applying for purchasing existing vessels abroad shall forwardan application (see Attachment 8), along with an operation plan, purchase agreement, vessel specifications (including drawings of vessel layout), Certificate of Ship's Nationality, finances and repaying plan to the shipping administration for submission to the competent authority for approval.
Article 10
Any vessel carrier who intends to sell its vessel owned by the company, shall forward an application (see Attachment 8) to the shipping administration for filing. In case the vessels are to be sold overseas, the vessel carrier shall forward a statement of reasons to the shipping administration for submission to the competent authority.
Article 11
The buyer of the vessel traded between vessel carriers shall submit an operation plan, copies the contract thereof, and relevant certificates of the vessel, to the shipping administration for filing.