Section 51: Procedure for registration anew.

(1) Where a ship is to be registered anew, the Registrar shall proceed as in the case of first registration and on thereceipt of the existing Certificate of Registry and upon compliance with the other prerequisites to registration (or such of them as the Registrar may consider material) he shall make such new registration and grant a certificate accordingly. (2) Where a ship is registered anew, her former registry shall be considered closed, except so far as relates to any unsatisfied mortgage entered on it, but the names of all persons on the former register appearing to be interested in the ship as owners or mortgagees or other interest in the ship registered anew shall be entered on the new register and the new registration shall not in any way affect the rights of those persons. Restriction on reregistration of abandoned ships.