2. In this Part -

"age", in relation to a ship, means the difference between -

(a} the year in which its keel was laid, or was at a similar stage of construction; and

(b} the year in which it is to be registered as a Brunei Darussalam ship;

"citizen of Brunei Darussalam" includes a permanent resident of Brunei

Darussalam;

"foreign-owned ship" means a ship that is not locally owned;

"local company" means a company, or a company which has a holding company, in which all or a majority of the shares are owned by persons who are citizens of Brunei Darussalam.