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SHIPS (CAPITAL GRANTS) ACT 1987 No. 74, 1987 - SECT 11
Amount of grant
11.(1) The grant payable to a shipowner under subsection 8(1) or (2) in
respect of a ship is an amount equal to 7% of the ship's purchase price paid
by the shipowner.
(2) The grant payable under subsection 8(3) in respect of a ship is an amount
equal to 7% of the cost of the ship's conversion.
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