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56.   Transmission of property in ship on bankruptcy or death

Revised Laws of Saint Lucia (2021)

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56.   Transmission of property in ship on bankruptcy or death

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    (1)   Where the property in a registered ship or share therein is transmitted to any person qualified to own a Saint Lucian ship on the bankruptcy or death of any registered owner, or by any lawful means, other than by a transfer under this Part—

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      (a)     that person shall authenticate the transmission by making and signing a declaration, in the prescribed form, in this Part referred to as a “declaration of transmission” identifying the ship and containing the statements required to be contained in a declaration of transfer, or as near thereto as circumstances admit, and also a statement of the manner in which and the person to whom the property has been transmitted;

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      (b)     if the transmission is consequent on bankruptcy, the declaration of transmission shall be accompanied by such evidence as is admissible in any court in Saint Lucia as proof of the title of persons claiming under a bankruptcy; and

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      (c)     if the transmission is consequent on death, the declaration of transmission shall be accompanied by a grant of probate or letters of administration in the estate of the deceased owner, or in the case of death of a joint owner by proof of survivorship to the satisfaction of the Registrar of Ships.

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    (2)   The Registrar of Ships shall, on receipt of the declaration of transmission, enter in the register book the name of the person entitled under the transmission as owner of the ship or share therein, as the case may be, and, where there is more than one such person, they shall, for the purposes of the provisions of this Act with respect to the number of persons entitled to be registered as owners, be considered as one person.

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