Approval of applications6.

(1)

Subject to the provisions of this Scheme, the Department may at any time—

(a)

determine conditions to which an approval given under Article 5(1)(f) shall be subject; and

(b)

amend such conditions.

(2)

The Department shall in writing—

(a)

notify applicants of the result of their applications;

(b)

notify applicants whose applications it has approved under Article 5(1)(f) of any conditions which it has determined or amended under paragraph (2).

(3)

The amount of grant aid payable in relation to any vessel under this Scheme shall be the strike price determined in relation to the class to which that vessel belongs multiplied by the number of VCUs for that vessel.

(4)

For the purposes of paragraph (3) “class” means any class referred to in Article 5(1)(c).