S.L. 499.52 Art. 12Registration fees.

(1) There shall be levied in respect of the registration of a small ship under these regulations the fee on first registration and the annual fee specified in the First Schedule. In case of any modification to the hull or in case of any change to the engines, the applicable fee shall be paid according to said Schedule as pro rata from the date of registering such changes.

(2) The fee due on initial registration and the annual fee for one year shall be paid before the small ship is registered, and no certificate of registry shall be issued in respect of a small ship unless the said fees have been paid in respect of the small ship. Thereafter, the annual fee shall become due on the anniversary of the initial registration.

(3) The Authority is entitled to demand payment of any outstanding fees, charges or penalties due to the Authority prior to recording any transaction in the register of a small ship or prior to granting any services in connection with a small ship.