Section 301: Duration and extension of Exemption

(1)
The Load Line Regulations shall make provisions for determining the period which any exemption granted under section 298 or 299 of this Act or any certificate issued under section 293 of this Act is to remain in force including-
(a)
provisions enabling the period for which any such exemption or certificate is originally granted or issued to be extended within such limits and in such circumstances as may be prescribed by the Regulations; and
(b)
provisions for terminating any such exemption and for cancelling any such certificate in such circumstances as may be prescribed.
(2)
While any such certificate is in force in respect of a ship, there shall be endorsed on the certificate such information relating to-
(a)
periodical inspections of the ship in accordance with the Load Line Regulations; and
(b)
any extension of the period for which the certificate was issued as may be prescribed by the Regulations.