Section 13: Entries in Register

13. Entries in Register Entries in the Register in relation to the ownership of a ship shall be made in the following manner— (a) the property in a ship shall be divided into 100 shares; (b) subject to the provisions of this Act, with respect to joint owners or owners by transmission, not more than 100 individuals shall be entitled to be registered at the same time as owners of a ship, but this provision shall not affect the beneficial title of any number of persons or of a company represented by or claiming under or through a registered owner or joint owner; (c) subject to paragraph (e), a person shall not be entitled to be registered as owner of a fractional part of a share in a ship, but a number of persons, not exceeding 5, may be registered as joint owners of a ship or of a share in the ship; (d) joint owners shall be deemed to constitute one person as regards the persons entitled to be registered, and shall not be entitled to dispose severally of any interest in a ship, or of any share in the ship in respect of which they are registered; (e) in the case of a ship wholly or partly owned by a maritime entity, without a legal personality separate and distinct from that of its members, a person may be entitled to be registered as owner of a percentage of a share in the ship; M62 – 13 [Issue 7] Merchant Shipping Act (f) a body corporate shall be registered as owner by its corporate name; (g) in the case of a ship owned by a maritime entity— (i) where the maritime entity has a legal personality separate and distinct from that of its members, the name of the maritime entity may be entered in the Register as the owner of the ship; (ii) where the maritime entity does not have a legal personality separate and distinct from that of its members, the names of all its members carrying on business in the name of the maritime entity and the number of shares in the ship owned by each member shall be entered in the Register; and (iii) whether or not the maritime entity is one that has a legal personality separate and distinct from that of its members, only the name of the maritime entity may be entered in the certificate of registration as the owner of the ship.