(Permmission for Taking Over of, and Other Actions on, Vessel)
Article 44-(2). In case any person who has the Japanese nationality, or any juridical person or other organization which has been established under the Japanese laws and ordinances intends to take over or take on lease a vessel owned by any person who has no Japanese nationality or who is neither a juridical person nor other organization, respectively established under the Japanese laws and ordinances, the same shall obtain a permission from the Minister of Transportation.
2 The Minister of Transportation shall permit any application for the permission referred to in the preceding paragraph, unless the supply of shipping bottoms will come to remarkably exceed the demand therefor, and also the development of the shipping industry will come to be remarkably hampered, as a result of granting the permission.
(Permission for Transfer of, and Other Actions on, Vessel)
Article 44-(3). In case any person who has the Japanese nationality or any juridical person or other organization which has been established under the Japanese laws and ordinances intends to transfer or lease a vessel which the same owns to any person who has no Japanese nationality or who is neither a juridical person nor other organization respectively established under the Japanese laws and ordinances, the same shall obtain a permission from the Minister of Transportation.
2 The Minister of Transportation shall permit any application for the permission, referred to in the preceding paragraph, unless the supply of shipping bottoms will become remarkably short of the demand therefor, and also the development of the shipping industry will come to be remarkably hampered, as a result of granting the permission.
3 Any person who has obtained the permission in accordance with the provision of paragraph 1 shall not be required to obtain the permision from the Minister of Transportation as provided for in Article 2 of the Ordinance concerning Restriction on Navigation, etc.(Ministry of Transportation Ordinance No.40 of 1445).