(1) Where the laws of any other State provide for the examination for, and grant of, certificates to persons intending to act as masters, deck officers, engineer officer or ratings on board ships, and the Minister is satisfied that all examinations and related requirements for admission to the examinations in that other State are such as to be equally effective as the examinations and related requirements for the same purpose under this Act, the Minister may deem the certificates so granted to be at least equivalent to those granted under this Act.