Reservation of names
13.—(1)  Notwithstanding regulation 12(4), the Registrar may allow the reservation of a ship’s name for a period of 10 years if he is satisfied that —
(a)the ship is intended to replace another of the same name which is to be registered within 10 years of the date of the application; and
(b)the applicant is the owner of a Singapore ship with the same name as that which is to be reserved and —
(i)the Singapore registry of the ship will be closed before the registry of the new ship; or
(ii)the ship will be sold before the registry of the new ship on condition that it changes its name and that its name is so changed.
(2)  An application under this regulation shall be accompanied by a full statement of the circumstances of the case.