Article 13. Transfer of the vessel to trust management The Merchant Shipping Act
1. The owner of a vessel has the right to transfer it to a trustee under a trust management agreement to manage the vessel for remuneration in the interests of the owner, unless otherwise provided by the agreement.
A vessel under economic management or operational management may not be transferred to trust management without the consent of the owner or an authorized body.
The transfer of the vessel to the trust management does not entail the transfer of ownership of it to the trustee.
2. Excluded by the Law of the Republic of Kazakhstan dated 04/06/2024 No. 71-VIII (effective sixty calendar days after the date of its first official publication). 3. Excluded by the Law of the Republic of Kazakhstan dated 04/06/2024 No. 71-VIII (effective sixty calendar days after the date of its first official publication).
4. The ship's trust management agreement must comply with the requirements stipulated by the civil legislation of the Republic of Kazakhstan.
The Law of the Republic of Kazakhstan dated January 17, 2002 No. 284.
This Law defines the legal, organizational, economic and international foundations of public administration in the field of merchant shipping and regulates relations related to the transportation of passengers, baggage and cargo, ensuring safety in maritime transport and environmental protection.
President
Republic of Kazakhstan
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