36. An owner of a registered vessel may apply to the Secretary of State for the vessel to be transferred from its existing port of registry to another such port (“the new port”). The application shall be made in a form approved by the Secretary of State and shall be accompanied by the existing Certificate of Registry. On receipt of the application the Secretary of State, if satisfied that there is not already a vessel of that name registered at the new port, shall allocate to the vessel Port Letters and Number for the new port and shall issue a Marking Note to the owner.