If the Secretary of State or, in relation to Wales, the Welsh Ministers1, as the case may be, are satisfied with respect to any site in United Kingdom waters2 that:
(1) it is, or may prove to be, the site of a vessel lying wrecked on or in the sea bed3; and
(2) on account of the historical, archaeological or artistic importance of the vessel, or of any objects contained or formerly contained in it which may be lying on
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