35Transfer of ships between shipowners

35 Transfer of ships between shipowners

(1) Where: (a) a shipowner has been paid a grant in respect of a ship; and (b) the shipowner proposes to transfer the ownership of the ship to another shipowner; the Secretary may, on the application of those shipowners, make a declaration in writing that, after the transfer, section 26 has effect in relation to the ship as if a reference in the section to the shipowner, other than the references in paragraph 26(1)(a) and 26(2)(a), were a reference to that second‑mentioned shipowner, and, if the Secretary makes such a declaration, it has effect accordingly. (2) Where the Secretary, in relation to an application, refuses to make a declaration, the Secretary shall give the applicant notice in writing of the refusal setting out the reasons for it.