moulded depth "moulded depth" means— (a) the vertical distance measured from the top of the keel to the underside of the upper deck at side. In wood and composite yachts, the distance is to be measured from the lower edge of the keel rabbet. Where the form at the lower part of the midship section is of a hollow character, or where thick garboards are fitted, the distance is to be measured from the point where the line of the flat of the bottom continued inwards cuts the side of the keel; (b) in yachts having rounded gunwales, the moulded depth shall be measured to the point of intersection of the moulded lines of the deck and side shell plating, the lines extending as though the gunwales were of angular design; (c) where the upper deck is stepped and the raised part of the deck extends over the point at which the moulded depth is to be determined, the moulded depth shall be measured to a line of reference extending from the lower part of the deck along a line parallel with the raised part; and for the purposes of this defintion— PU(A) 379/2003 - LANGKAWI INTERNATIONAL YACHT REGISTRY (REGISTRATION OF YACHTS) REGULATIONS 2003 2. Interpretation.