Section 77: Transfer by bill of sale

(1)
Where a ship or any share in the ship registered in Nigeria is disposed of to persons qualified to own a registered Nigerian ship, they shall be transferred by a bill of sale.
(2)
The bill of sale shall contain such description of the ship as is contained in the surveyor's tonnage certificate or other description sufficient to identify the ship to the satisfaction of the Registrar, and shall be in such form as may be approved by the Minister and executed by the transferor in the presence of one witness at least and the witness shall add his occupation and address after his signature.