Foreign transfer other than for scrapping Sample Clauses

Foreign transfer other than for scrapping. If the foreign Transfer of a vessel referred to in paragraph (b) of this section is other than for the pur- pose of scrapping the vessel and other than a Transfer to the government of an acceptable foreign country, and in the absence of unusual circumstances as determined by the Maritime Admin- istrator (for example a Transfer to an entity controlled by the government of an acceptable foreign country), the fol- lowing conditions will be imposed on the transferee:
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Foreign transfer other than for scrapping. If the foreign Transfer of a vessel referred to in paragraph (b) of this section is other than for the pur- pose of scrapping the vessel and other than a Transfer to the government of an acceptable foreign country, and in the absence of unusual circumstances as determined by the Maritime Admin- istrator (for example a Transfer to an entity controlled by the government of an acceptable foreign country), the fol- lowing conditions will be imposed on the transferee: (1) O nership. (i) Without the prior written approval of the Maritime Ad- ministrator, there shall be no further Transfer of ownership, change in the registry or Operation of such vessel Under the Authority of a Foreign Country; provided, however, that, if the Transfer of ownership is to a Cit- izen of the United States or other enti- ty qualified under 46 U.S.C. 12102(a) to document a vessel and the vessel is thereafter documented under U.S. law, no prior written approval shall be re- quired but the transferee shall notify the Vessel Transfer Officer in writing of such change in the ownership and the U.S. documentation within thirty (30) days after such change in owner- ship and documentation. (ii) The restrictions contained in paragraph (c)(1)(i) of this section shall not be applicable to a change in owner- ship resulting from the death of the vessel owner, so long as notification of any such Transfer of ownership occur- ring by reason of death shall be filed with the Vessel Transfer Officer within 60 days from the date of such Transfer identifying with particularity the name, legal capacity, citizenship, cur- rent domicile or address of, or other method of direct communication with, the transferee(s).
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Related to Foreign transfer other than for scrapping

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