Section 3
SEC. 3. Any vessel, shipyard, drydock, ship-building or ship-repairing plant or facilities, or interest therein, sold, mortgaged, leased, chartered, delivered, or transferred, or agreed to be sold, mortgaged, leased, chartered, delivered, or transferred in violation of any of the provisions of section one of this Act, and any stocks, bonds, or other securities, sold or transferred in violation of any such provisions, or any vessel departing in violation of the provisions of subsection (e) of the aforesaid section shall be forfeited to the Government of the Philippines.