(1) Where the Director-General or a person authorised by the Director-General for the purpose, on receipt of the surveyor's report in respect of a cargo ship, is satisfied that the ship

(a) is exempt by this Act or by the Regulations from any of the requirements of the Regulations or of the Safety Convention, applicable to the ship and to the

voyages that she is to be engaged on, and

(b) complies with the lights, shapes and means of making sound signals required  by the Collision Regulations, the Director-General or the authorised person shall on the application of the owner issue in respect of the ship

(c) where it is not less than five hundred gross tons and is to be engaged on international voyages

(i) an exemption certificate stating from which of the requirements of the Safety Convention the ship is exempted and that the exemption is conditional on the ship plying only on the voyages and being engaged only in the trade and complying with any other conditions, and

(ii) a certificate showing that the ship complies with the requirements of the Safety Convention from which it is not exempted on the voyages on which she is to be engaged, and

(d) in any other case, a certificate showing that the ship complies with the requirements of the Safety Convention from which she is not exempt and the voyages on which it is to be engaged.

(2) A certificate issued under subsection (1) is in this Act referred to as a "Qualified Safety Equipment Certificate".