Establishment of Corporation. The body known immediately before the commencement of this Instrument as the "Tema Shipyard and Drydock Interim Board" is hereby established as a body corporate to be known as the “Tema Shipyard and Drydock Corporation" in this Instrument referred to as the "Corporation"

OBJECTS OF THE CORPORATION
(1) The objects of the Corporation shall be the maintenance and management of the Tema Shipyard and Drydock and for that purpose the performance of all or any of the functions relating to shipbuilding and drydocking in accordance with the provisions of this Instrument.
(2) Without prejudice to the general effect of sub-paragraph (1) of this paragraph the Corporation shall have power under that sub-paragraph to carry on—(a) ship building,(b) the shipwrights,(c) the business of shipwrights, and(d) such other business or activities whether in Ghana or outside Ghana as may appear to the Corporation to be incidental or conducive to the attainment of all or any of the objects specified in sub-paragraph (1) of this paragraph or which in the view of the Corporation could conveniently be carried on in combination with the said objects.
(3) The Corporation may make charges in connection with all or any of its functions under the foregoing provisions of this paragraph.
(4) The Corporation shall as far as possible insure itself and its property against all risks involved in the discharge of its functions under this paragraph and may also insure its employees (or any of them) against such risks as it may deem appropriate.