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(1) Where a registered ship or a share in it is transmitted to a person qualified to own a Ghanaian ship on the death or insolvency of any registered owner, or by any lawful means other than by a transfer under this Act, that person shall authenticate the transmission by signing a "declaration", in this Part referred to as a "declaration of transmission", identifying the ship and containing the several statements required to be contained in a declaration of transfer, or as near as possible as circumstances permit.

(2) There shall also be provided a statement of the manner in which and the person to whom the property has been transmitted.

(3) Where the transmission is consequent upon insolvency, the declaration of transmission shall be accompanied with evidence admissible in a court as proof of the title of persons claiming under insolvency.

(4) Where the transmission is consequent upon death, the declaration of transfer shall be accompanied by the instrument of representation or an official extract from it.

(5) The Registrar shall on receipt of the declaration of transmission, enter in the register book the name of the person entitled under the transmission as owner of the ship or of the share of the ship which has been transmitted.

(6) Where there is more than one person the Registrar shall enter the names of all those persons, except that for the purposes of this Part the number of persons entitled to be registered as owners shall be considered as one person.