S.L. 499.23 Art. 25Licence renewal.

(1) Every licensee shall file an application for the renewal of a licence at least one calendar month before the expiry date.

(2) If a licence is not to be renewed, the owner of the vessel shall immediately inform the Authority in writing as to the reason for not requesting renewal and what his intentions are in respect of the vessel.

(3) When a licence is not renewed, the Authority may require the owner to remove or dispose of his vessel within such time and to such a place as it may require and if the owner fails to comply, the Authority may cause removal or disposal of such vessel at the risk and expense of the owner.