(1) Every transfer of a ship or a share therein to a person qualified to own a Saint Lucian ship shall be by a Bill of Sale.
(2) The Bill of Sale shall—
(a) be in the prescribed form;
(b) contain such description of the ship as is contained in the certificate of survey; and
(c) be executed by the transferor in the presence of, and be attested by, 2 witnesses.