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Shares

For registration, a ship

  • Can be divided into 64 shares and only 64 shares.
  • The number of persons registered as owners of a ship may not at any time exceed 64
  • Any number of persons not exceeding five maybe registered as joint owners of a ship or of one or more shares in a ship
  • A joint owner may not dispose of his or her interest separately
  • A person may not be registered as owner of a fractional part of a share in a ship
  • A body corporate is registered as owner by its name
  • A trust is registered as owner in the name of the trust.
Maritime Emergency Number: 021-938-3300