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Petroleum Pipelines Act, 2003 (Act No. 60 of 2003)

Chapter 3 : Licences

22. Term of licence

 

 

(1) Any licence issued in terms of this Act is valid for a period of 25 years.

 

(2) A licensee may apply to have his or her licence renewed.

 

(3) Every application for renewal must be granted if the licensee has complied with the licence conditions.

 

(4) When renewing a licence the Authority may impose different conditions within the framework set out in section 20.

 

(5) A licensee may not sell or assign his or her licence.

 

(6) Any person taking over the business of a licensee must apply for a licence in his or her own right and section 15 applies in respect of such person.