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8. Notwithstanding paragraph 6, the Registrar may allow the reservation of a ship’s name or designation for a period of 10 years if he is satisfied that:—
(a)the ship is intended to replace another of the same name which is to be registered within 10 years of the date of the application, and
(b)the applicant is the owner of a registered ship with the same name as that which is to be reserved and its British registration will be closed before the registration of the new vessel, or
(c)the applicant is the owner of a registered ship with the same name as that which is to be reserved and it will be sold before the registration of the new vessel on condition that it changes its name and that its name is so changed.
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