Ship ceases to qualify

A ship will cease to be qualifying when it:

is lost at sea

is considered a constructive total loss

ceases to be certified for navigation at sea; i.e. no longer seagoing

begins to be used for the provision or goods or services normally provided on land (TTM03610)

becomes an excluded type of vessel (TTM03620)

Ship does not cease to qualify

A qualifying ship remains qualifying through most stages of its working life. Thus, it continues to be used for a qualifying purpose when:

in ballast

laid up awaiting a charter

in dry-dock undergoing a refit

being repaired

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