These Regulations, consisting of six Parts and two Schedules, establish the Ship Registration requirements for Merchant Shipping. In particular they specify the following aspects: Part I Conditions For Registry of Ships 1. Citation. 2. Interpretation. 3. Exemption Of Naval Ships Etc. 4. Non-Application. 5. Owners of Ships Registered Under Part II of Order. 6. Closure of Registry of Certain Tugs, Barges And Ships. 7. Conditions For Registry. 8. Requirements as to Paid-Up Capital for Company Owner