(1) A temporary cessation (as against permanent cessation) of operating any qualifying ship by a company shall not be considered as a cessation of operating of such qualifying ship and the company shall be deemed to be operating such qualifying ship for the purposes of this Chapter.
(2) Where a qualifying company continues to operate a ship, which temporarily ceases to be a qualifying ship, such ship shall not be considered as a qualifying ship for the purposes of this Chapter.
Section 115VT Transfer of profits to Tonnage Tax Reserve Account
Section 115VU Minimum training requirement for tonnage tax company
Section 115VV Limit for charter in of tonnage
Section 115VW Maintenance and audit of accounts
Section 115VX Determination of tonnage
Section 115VZA Effect of temporarily ceasing to operate qualifying ships