S.L. 234.23 Art. 4International owner.

(1) An international owner shall be qualified to own a

Maltese ship or a share therein.

(2) A foreign body or entity shall be deemed to satisfy the Registrar-General that it can and will ensure due observance of the law of Malta relating to merchant shipping, unless the Registrar-General has made a declaration to the contrary; and the Registrar-General may, in order not to make such a declaration or before withdrawing such declaration, impose such conditions as he may deem fit in the circumstances that may include the provision of a guarantee or a bond.