The board shall, once in every year and oftener, if it is determined necessary by them, carefully inspect every vessel licensed by the board. Such inspection shall determine that all requirements of law, such as seaworthiness, lifesaving equipment, firefighting equipment, pumps, hose, anchors, cables, electrical equipment, structure, and other things are faithfully observed. If in the opinion of the board any of the foregoing equipment is found unsatisfactory, shall order the correction of the fault arid may suspend the certificate of inspection or revoke the license of the master. Upon satisfactorily passing the inspection, the hoard shall issue to the vessel inspected the certificate of inspection. Such certificate of inspection shall state the number of liferings, water lights, rafts, boats, firefighting equipment, crew complement, anchors, cable, and other safety equipment, on the vessel, as the board requires.History: Bd. of Mar. Insp. Regs., eff 16 Oct 72, § 4.04.