S.L. 425.7 Art. 13Inter vivos fishing licence transfer.

(1) Without prejudice to other obligations according to law, the Director shall update the fishing licence details of a registered fishing vessel upon receiving a joint written request from the fishing licence holder and an ascendant or descendant up to the first degree, whether by consanguinity or affinity, who shall be registered as the new fishing licence holder in accordance with said request:

Provided that, without prejudice to any impediment according to law, upon giving effect to said update the fishing vessel may be used by the new fishing licence holder according to its fishing licence and the law.

(2) Any update done according to sub-regulation (1) shall be made at no expense for the applicants.