ADVOKS GLOBAL · KENYA
Merchant Shipping Act
99. General rules for Certificate of Sale
Edition: 2023-12-11 · In force
99. General rules for Certificate of Sale
(1)A Certificate of Sale shall not be granted except for sale of an entire ship.(2)The power conferred by any such certificate shall be exercised in conformity with the directions contained therein.(3)An agreement for sale entered in good faith in exercise of the power conferred by any such certificate to a purchaser for valuable consideration shall not be impeached by reason of the person by whom the power was given dying at any time between the giving of the power and the completion of the sale.(4)Whenever any such certificate contains a specification of the place at which, and a limit of time not exceeding twelve months within which the power is to be exercised, a sale made in good faith to a purchaser for valuable consideration without notice shall not be impeached by reason of the bankruptcy or insolvency of the person by whom the power was given.