Section 79: Transmission of property in a ship on death, bankruptcy, etc.

(1)
When the property in a ship registered in Nigeria, or any share in the ship, is transmitted to a person qualified to own a registered Nigerian ship on the death or bankruptcy of any registered owner, or by any lawful means other than by a transfer under this Act:
(a)
the person shall authenticate the transmission by making in a form approved by the Minister and by signing a declaration (in this part referred to as a "declaration of transmission") statement for the share required to be contained in the declaration of transfer or as near to it as circumstances permit and also a statement of the manner in which, and the person to whom, the property has been transmitted;
(b)
the declaration of transmission shall, if the transmission is consequent on death be accompanied by a grant of probate or letters of administration in the estate of the deceased owner, proof of survivorship to the satisfaction of the Registrar; and
(c) the declaration of transmission shall, if the transmission is consequent on
bankruptcy, be accompanied by such evidence as is for the time being receivable
in ar y court in Nigeria as proof of the title of persons claimed under a bankruptcy.
(2)
The Registrar, on receipt of the declaration of transmission so accompanied, shall:
(a)
enter in the register the name of the person entitled under the transmission as owner of the share in the ship the property in which has been transmitted; and
(b)
where there is more than one person entitled, enter the names of those persons, but those persons however numerous shall, for the purpose of ownership in the register be considered as one person.