1 Notwithstanding the provisions of chapters I to IV and regulations V/18, 19 and 20:
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.1 a high-speed craft constructed on or after
1 January 1996 but before 1 July 2002 which complies with the requirements
of the High-Speed Craft Code, 1994 in its entirety
and which has been surveyed and certified as provided in that Code
shall be deemed to have complied with the requirements of chapters
I to IV and regulations V/18, 19 and 20.
For the purpose of this regulation, the requirements of that Code
shall be treated as mandatory.
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.2 a high-speed craft constructed on or after
1 July 2002 which complies with the requirements of the High-Speed Craft Code, 2000 in its entirety and
which has been surveyed and certified as provided in that Code shall
be deemed to have complied with the requirements of chapters I to IV and regulations V/18, 19 and 20.
2 The certificates and permits issued under the
High-Speed Craft Code shall have the same force and the same recognition
as the certificates issued under chapter I.