(1) If the managing owner or agent of any Saint Lucian ship has reason, owing to the non-appearance of the ship or to any other circumstance, to believe that the ship has been wholly lost, he or she shall cause a reasonable search to be made for the ship and shall, as soon as conveniently may be, send to the Director a notice in writing signed by him or her and stating—
(a) the name of the ship, the port to which the ship belongs and the official number, if any, of the ship; and
(b) a report of the loss of the ship and the circumstances and probable cause of such loss.
(2) This section applies to—
(a) Saint Lucian ships; and
(b) ships which are lost or are believed to have been lost in Saint Lucian waters.
(3) Any managing owner or agent of a ship who fails without reasonable cause, to comply with this section within a reasonable period from the time when he or she has reason to believe such ship to have been lost, commits an offence and on summary conviction is liable to a fine not exceeding $5,000.