Regulations for Issuing Certificate of Vessel's Nationality Article 5

Upon receiving the Certificate of Vessel's Nationality, the originally issued Certificate shall be surrendered to the shipping administration authority for cancellation. However, in case of failure to surrender in time due to some extraordinary accident, a 1-month grace may be granted if a statement of reason is furnished and verified. Failure to do so within the specified time limit without any proper reason may render the shipping administration authority to cancel the registration at its own discretion, and publicly announce on the shipping administration authority's bulletin and web site.