Section 16Part 2 — REGISTRATION OF SHIPS
Declaration of eligibility
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16. (1) A person is not entitled to be registered as owner of a ship or of a share in the ship until the person, or, in the case of a body corporate, the person authorised by this Act to make declarations on behalf of the body corporate, has made and signed a declaration of eligibility, referring to the ship as described in the certificate of the surveyor, and which contains the following particulars —
a statement of the person’s qualifications to own a Cayman Islands ship, or in the case of a body corporate, of such circumstances of the constitution and business of the body corporate as proves it to be qualified to own a Cayman Islands ship;
in the case of a foreign ship, a statement of its foreign name;
a statement of the number of shares in the ship the legal title to which is vested in the person or, as the case may be, the body corporate, whether alone or jointly with any other person or persons; and
a declaration that, to the best of the person’s knowledge and belief, a majority interest in the ship is owned by persons qualified to be owners of Cayman Islands ships, and the ship is otherwise entitled to be registered.
In the application of this section to a ship which is not wholly owned by persons qualified to be owners of Cayman Islands ships, subsection (1)(a) has effect only in relation to persons who are so qualified.