28.—(1) The Registrar may extend the expiry date of a registered bareboat charter ship upon application by the bareboat charterer or by some other person on his behalf.
(2) The application shall be in writing and shall be accompanied by such evidence of the extension or renewal of the charter-party and the closure or suspension of the original registry for the period of the extension as the Registrar may require.
(3) The Registrar may, if he is satisfied with the evidence produced to him under paragraph (2) and upon payment of the prescribed fee, extend the expiry date of the registry of the bareboat chartered ship and —
(a)
make an entry thereof in the register; and
(b)
cancel the certificate of registry (bareboat charter ship) and grant a new certificate of registry (bareboat charter ship).