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.