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Section 72 - Inland Vessels Act, 2021
The Inland Vessels Act, 2021
72. Transfer of certificate of insurance.-
Where a person in whose favour the certificate of insurance has been issued in accordance with the provisions of this Chapter transfers to another person, the ownership of the mechanically propelled vessel covered under this Chapter, in respect of which such insurance was taken together with the policy of insurance relating thereto, the certificate of insurance and the policy described in the certificate shall be deemed to have been transferred in favour of the person to whom the mechanically propelled inland vessel is transferred with effect from the date of its transfer.
Explanation.-For the removal of doubts, it is hereby clarified that such deemed transfer shall include transfer of rights and liabilities covered under the said certificate of insurance and the policy of insurance.
Related Sections
- Section 39: Effect of certificate of competency or certificate of service
- Section 22: Central database of inland vessels
- Section 73: Powers of Central Government to make rules for Chapter XII
- Section 18: Requirement of certificate of registration
- Section 84: Certified master to be deemed pilot under Act 15 of 1908