This provision sets a $535 fee for applying for a certificate, and lets the Director cancel a certificate in specified circumstances. If the certificate holder stops owning the ship, they must return the certificate to the Director right away.
Merchant Shipping (Liability and Compensation for Oil Pollution) (Compulsory Insurance) Regulations(Cap. 414, sections 15 and 16) [18 June 1976](Format changes—E.R. 1 of 2022) 1. Citation These regulations may be cited as the Merchant Shipping (Liability and Compensation for Oil Pollution) (Compulsory Insurance) Regulations.(38 of 1990 s. 32(1)) 2. (Repealed 19 of 2003 s. 6) 3. (Repealed 19 of 2003 s. 6) 4. (Repealed 19 of 2003 s. 6) 5. Fees for certificates The fee to be paid on application for a certificate to be issued under section 16 of the Ordinance shall be $535.(L.N. 151 of 1985; 38 of 1990 s. 32(1); L.N. 248 of 1992; L.N. 334 of 1993; L.N. 336 of 1994; L.N. 273 of 1995) 6. Cancellation and delivery up of certificates (1) Where at any time while a certificate under section 16 of the Ordinance 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, he shall forthwith deliver up the certificate to the Director and in such a case the certificate shall be cancelled.(2) Where at any time while a certificate under section 16 of the Ordinance 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 and if so cancelled shall on demand forthwith be delivered up to him by the person to whom it was issued.(3) Where at any time while a certificate under section 16 of the Ordinance 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 subsection (2) of that section, the certificate may be cancelled by the Director and if so cancelled shall on demand forthwith be delivered up to him by the person to whom it was issued.(38 of 1990 s. 32(1))