Canada Shipping Act, 2001
Marginal note:Acquired rights — licensed vessels
272 Every vessel, other than a pleasure craft, licensed under section 108 of the Canada Shipping Act, chapter S-9 of the Revised Statutes of Canada, 1985, when Part 2 comes into force is deemed to be registered in the small vessel register referred to in subsection 43(1) until
(a) the earlier of the date the vessel’s ownership changes and five years after Part 2 comes into force; or
(b) in the case of a vessel that was issued a licence under that Act, the expiry date of the licence.
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