Section 47(3) No fishing licence shall be issued for any vessel unless,

(a) in respect of a local industrial or semi-industrial fishing vessel required to be registered under the Merchant Shipping Act, 1963 (Act 183) the vessel has been so registered; and

(b) the Commission is satisfied that the vessel is seaworthy and fit for the purpose of fishing and conforms with such requirements as are applicable to the vessel under any enactment in force including requirement on navigation and safety equipment.