Section 425
Closure of registry.
The Merchant Shipping Act, 1958
About this Act
An Act to foster the development and ensure the efficient maintenance of an Indian mercantile marine in a manner best suited to serve the national interests and for that purpose to establish a National Shipping Board to provide for the registration, certification, safety and security of Indian ships and generally to amend and consolidate the law relating to merchant shipping.
If a sailing vessel is lost, destroyed or rendered permanently unfit for
service, the owner of such vessel shall with the least practicable delay report the fact to the registrar of
the port where the vessel is registered and also forward to him along with the report, the certificate of
registry in respect of the vessel; and thereupon the registrar shall have the registry of the vessel
closed.