Part IIIU.K.Credits and Grants for Construction of Ships and Offshore Installations

12 Interpretation of Part III.U.K.

(1)In this Part of this Act—

• “equipment”, in relation to a ship or installation, means the installation on or in it, or the provision for it, of fixed or movable equipment, or apparatus or furnishings of any kind;

• “mobile offshore installation” means any installation which is intended for underwater exploitation of mineral resources or exploration with a view to such exploitation and can move by water from place to place without major dismantling or modification, whether or not it has its own motive power;

• “ship” includes every description of vessel used in navigation.

(2)For the purposes of this Part of this Act—

(a)a ship other than a tug is of the qualifying size if its gross tonnage, ascertained in accordance with regulations under section [F119 of the Merchant Shipping Act 1995], is not less than 100 tons;

(b)a tug is of the qualifying size if it is of not less than 500 brake horsepower;

(c)an installation is of the qualifying size if it weighs not less than 100 tons excluding fuel and water.