Effect of temporarily ceasing to operate qualifying
115VZA. (1) A temporary cessation (as
against permanent cessation) of operating any qualifying ship by a company
shall not be considered as a cessation of operating of such qualifying ship and
the company shall be deemed to be operating such qualifying ship for the
purposes of this Chapter.
(2) Where a qualifying company continues to operate a
ship, which temporarily ceases to be a qualifying ship, such ship shall not be
considered as a qualifying ship for the purposes of this Chapter.