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The Laws of Fiji
Last Updated: 1 December 2016

[SHR 25] Registration of property in ships25 

25
(1) For the purposes of registering property in a ship, the following provisions shall apply—
  • (a)the property in the ship shall be divided into 64 shares;
  • (b)subject to subsection (2), the number of shares registered as owners shall not at any time exceed 64;
  • (c)any number of persons not exceeding 5 may be registered as joint owners of the ship or of any number of shares in the ship;
  • (d)no joint owner of the ship or of any number of shares in the ship is entitled to dispose of that interest severally;
  • (e)no person shall be registered as the owner of a fractional part of a share in the ship; and
  • (f)a body corporate shall be registered as the owner in its corporate name.
(2) Where a share in a ship is jointly owned or where 2 or more shares are jointly owned by the same persons, the joint owners of the relevant share or shares shall, for the purposes of subsection (1)(b), be construed as one person.
(3) Nothing in subsection (1) affects the beneficial interests of any person or of any body corporate represented by or claiming under or through a registered owner, including a registered joint owner.