Section 8 in The Mormugao Harbour Craft Rules, 1976
8. Change of ownership or control of licensed harbour craft.
-When the holder of a licence in Form 1 transfers the ownership of the harbour craft to another person, or mortgages or otherwise places such craft under the control of any other person, the licence shall cease to be valid on the expiry of six days from the date of such transfer, unless an endorsement on the licence is made by the Deputy Conservator to the effect that notwithstanding the transfer of ownership, mortgage or transfer of the craft to such other person the licence shall continue to remain valid.
