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Where

(a) the Authority is satisfied that any provisions of the law of a foreign country applicable to ships registered in or belonging to that country are substantially the same or equally effective as any of the provisions of this Act or Regulations made under it;

(b) it is proved that a ship of that country complies with the corresponding provisions of the laws of that Country in which it is registered or to which it belongs; and

(c) the Director-General is satisfied that the Government of that country has provided or undertaken to provide for the exemption of Ghanaian ships while they are at any port in that country, from the corresponding provisions of the law of that country,

the Authority may by Executive Instrument direct that all or any of the provisions of this Act or Regulations shall not apply with respect to a ship registered in or belonging to that country while it is at a port in Ghana.