Acts Online
GT Shield

means an amount payable at intervals or at specified times by specified persons and based on—

(a)        one or more of the following criteria, namely—

(i)        gross tonnage of ship;

(ii)        category of ship;

(iii)        category of cargo;

(iv)        age of ship;

(v)        nationality of ship;

(vi)        frequency of port calls by ship; and

(b) the presence of ships in the internal or territorial waters of the Republic otherwise than in innocent passage;