s 35 Procedure for registry anew
35.—(1) Where a ship is to be registered anew, the Registrar must proceed as in the case of initial registry and upon the requisites to registry, or those of them that the Registrar considers material, being duly complied with, must make such registry anew and grant a new certificate of registry. (2) Where a ship has been registered anew under subsection (1), the former certificate of registry must be delivered up to the Registrar for cancellation and the Registrar must make an entry thereof in the former register. (3) Where a ship is registered anew, its former register is deemed to be closed (except in relation to any unsatisfied mortgages entered on the former register) but the names of all persons appearing on the former register to be interested in the ship as owners or mortgagees must be entered on the new register, and the registry anew must not in any way affect the rights of any of those persons.