(1) For the purposes of the registration of an alteration in a Saint Lucian ship, the ship's certificate of registry shall be produced to the Registrar of Ships within 60 days after the alteration, and the Registrar of Ships shall either—
(a) retain the certificate and grant a new certificate of registry containing a description of the ship as altered; or
(b) endorse and sign on the existing certificate a memorandum of the alteration.
(2) The particulars of the alteration and the fact of the new certificate having been granted or on endorsement having been made shall be altered by the Registrar General in the register book.