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1 These Regulations may be cited as the Vessel Duties Reduction or Removal Regulations.

10 The reduction or removal of customs duty on a vessel pursuant to section 3 or 7 shall be granted on condition that

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• (e) where the vessel is readmitted into Canada at any time other than the time set out in section 3 or 7 or pursuant to any regulations made under the Customs Tariff, customs duty is paid in an amount calculated pursuant to the Customs Act and the Customs Tariff with no deduction for any amount of customs duty previously reduced or removed under these Regulations.

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9 The removal of customs duty pursuant to section 7 shall be granted on condition that the importer deposits with the Minister security, in a form that is satisfactory to the Minister, in an amount up to that of the customs duty that, but for these Regulations, would be payable on the vessel.

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2 In these Regulations,

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