Road Traffic Management Corporation Act, 1999
R 385
Marine Traffic Act, 1981 (Act No. 2 of 1981)RegulationsMarine Traffic Regulations, 1985Chapter V : Immobilizing, Laying-Up, Stopping or Anchoring Outside Harbours or Fishing Harbours8. Guarantee for possible loss or damage caused by a laid-up vessel |
[Regulation 8 heading substituted by section 8(a) of the Marine Traffic Amendment Regulations, 2026, Notice No. 4132, GG55299, dated 4 September 2026]
| (1) | A person desiring to lay up a vessel, shall together with the application referred to in regulation 7, satisfy the Authority that the person has the financial means to meet any claims for damage or loss suffered either by the Government of the Republic or by third parties as a result of the vessel being laid up. |
| (2) | Evidence of the financial means referred to in subrequlation (1) shall be either in the form of a bank guarantee or other security acceptable to the Authority, having due regard to any insurance arrangements which the owner of the said vessel has made to cover the claims referred to in subrequlation (1). |
[Regulation 8 substituted by section 8(b) of the Marine Traffic Amendment Regulations, 2026, Notice No. 4132, GG55299, dated 4 September 2026]
