Section 8 in The Port Of New Mangalore (Harbour Craft) Rules, 1976
8. Change of ownership or control of licensed harbour craft.
- When the holder of a licence transfers the ownership of the harbour craft to another person the licence shall cease to be valid on the expiry of six days from the date of such transfer and where such holder mortgages the harbour craft to, or places it under the control of another person, the licence shall cease to be valid on the expiry of six days from the date of such mortgage or placing unless an endorsement on the licence is made by the Deputy Conservator to the effect that notwithstanding such transfer or placing, the licence shall continue to be valid.
