Regulations for Issuing Certificate of Vessel's Nationality Article 16

In the event that any of the following circumstances applies to Certificate of Vessel's Nationality or Provisional Certificate of Vessel's Nationality, the shipping administration authority shall cancel the Certificate at its own discretion, and publicly announce on the shipping administration authority's bulletin and web site when the owner of ship fails to apply for cancellation of ownership registration, and nullification of Certificate within the specified time limit without any proper reason:1. Failure to surrender the Certificate in time in accordance with Article 21 of The Law of Ships without proper reasons.2. The name of ship owner is changed due to enforcement, administrative execution, confiscation or forfeiture; however, the original ownership of ship fails to implement to cancel the Certificate within 1 month after receiving the notice from the shipping administration authority.3. Failure to surrender the Certificate within 1 month after completing the ownership registration, and receiving a notice from the shipping administration authority for the notification of the successor.4. Failure to surrender the Certificate within 1 month after completing the registration of ownership transfers, and receiving a notice from the shipping administration authority for the notification of the original owner.The announcement mentioned in the previous paragraph shall be publicly published on the shipping administration authority's bulletin and web site. The names of ship, ship owner, and certificate, and the serial number of certificate shall be listed clearly in the announcement.