(1) In this section -
"lessee" in relation to a ship provided for leasing, means the person to whom the ship is or is to be leased and includes the successors in title of a lessee;
"qualifying ship" means a seagoing vessel which - (a) (i) is owned to the extent of not less than 51 per cent by a person or persons resident in the State, or (ii) is the subject of a letting on charter without crew by a lessor not resident in the State (b) in the case of a vessel to which paragraph (a) (i) applies, is registered in the State under Part II of the Mercantile Marine Act, 1955, and, in the case of a vessel to which paragraph (a) (ii) applies, is a vessel in respect of which it can be shown that the requirements of the Merchant Shipping Acts, 1894 to 1993, have been complied with as if it had been a vessel registered under that Part (c) is of not less than 100 tons gross tonnage, and (d) is self-propelled but, notwithstanding anything in paragraph (a), (b), (c) or (d), does
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