Vietnam: Time limits for de-registration of ship

10:40, 13/07/2017

This is an important content mentioned at the Decree No. 171/2016/NĐ-CP of Vietnam’s Government on the registration, deregistration, purchase, sale and building of ships.

Specifically, according to the Decree No. 171/2016/NĐ-CP of Vietnam’s Government, the Vietnamese-flagged ships shall be deregistered in Vietnam in cases prescribed in Article 25 of the Vietnam Maritime Code 2015. The shipowner must carry out the procedures for deregistration of ship within the prescribed period in the following cases:

- Within 60 days as from the date on which the ship loses features of a seagoing ship, the ship was destructed or the ship sank and it was unable to rescue it;

- Within 24 months as from the date on which the ship has gone missing;

- Within 30 days as from the date on which the shipowner fails to maintain operation of the head office, the branch or representative office in Vietnam.

Also according to Decree No. 171/2016/NĐ-CP, an application for deregistration includes:

- The application for deregistration made according to the Form No. 03 stated in the Appendix enclosed herewith;

- Certificate of registry (the original). If the certificate of registry has been lost, the shipowner must make a report indicating reasons thereof;

- If the ship is under mortgage, the application requires the consent in writing of the mortgagee and the shipowner must carry out procedures for deregistration of ship mortgage before carrying out procedures for deregistration of ship.

View more details at the Decree No. 171/2016/NĐ-CP of Vietnam’s Government, effective from July 01, 2017.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

61 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn