(a) The owner of a motor vehicle titled in the Virgin Islands who seeks to transport such vehicle must present a valid registration to the shipping carrier and notify the Bureau that the vehicle is being shipped to another island as a condition precedent to transport. This shall be the only requirement for the transport of a motor vehicle. For purposes of this section the term “transport” or “transported” means the shipping or shipment of any motor vehicle between the different islands within the Virgin Islands.
(b) Upon presentation of a valid registration of the motor vehicle to be transported, the shipping carrier shall maintain a listing of motor vehicles transported and report a listing of transported vehicles on a quarterly basis to the Bureau of Motor Vehicles.
(c) Failure of the shipping company to comply shall result in a $1000 fine, or revocation of license to operate in the Virgin Islands, upon report to the Bureau of Motor Vehicles.
(d) The Director of the Bureau of Motor Vehicles shall promulgate regulations and the process by which the Bureau shall monitor and enforce the provisions of this section.