(1) The ownership folio inserted in the main book
shall also indicate the name or names of the owner or owners of the ship,
their addresses and principal places of business.
(2) If the two or more persons are the owners of a ship, the
ownership folio shall also indicate the share of each owner or the
number of shares subscribed by each owner, and only the persons or
bodies corporate who are indicated in the ownership folio as the owners
of the ship shall be considered as the real owner of the ship.