Section 8
Section 8
(1)
At every port in Brunei the Registrar shall keep a book, register and entries in the book shall be made in accordance with the following provisions -
(a)
the property in a ship shall be divided into 64 shares;
(b)
subject to the provisions of this Part with respect to joint owners or owners by transmission, not more than 64 individuals shall be entitled to be registered at the same time as owners of any one ship; but this provision shall not affect the bene-ficial title of any number of persons or of any com-pany represented by or through any registered owner or joint owner;
(c)
a person shall not be entitled to be reg-istered as owner of a fractional part of a share in a ship; but any number of persons not exceeding 5
Merchant Shipping may be registered as joint owners of a ship or of any share or shares therein;
(d)
joint owners shall be considered as consti-tuting one person only as regards the persons enti-tled to be registered, and shall not be entitled to dispose in severalty of any interest in a ship, or in any share therein in respect of which they are reg-istered; and
(e)
a corporation may be registered as owner by its corporate name.
(2)
In this Part, unless the context otherwise re-quires, "register book" means, in relation to a Brunei ship, the register book kept by the Registrar under subsection (1)
at the port in Brunei where such ship is registered or in-tended to be registered under this Part.