Merchant Shipping (Local Vessels) (Amount of Insurance Cover) Notice
(Cap. 548, sub. leg. H, section 21)
(Enacting provision omitted—E.R. 1 of 2016)
[2 January 2007] L.N. 282 of 2006
(Format changes—E.R. 1 of 2016)
(Omitted as spent—E.R. 1 of 2016)
(Repealed L.N. 48 of 2016)
(Repealed L.N. 48 of 2016)
The following amounts are specified for the purposes of section 23D(3)(c) of the Ordinance—
$10,000,000 for a policy of insurance for a certificated local vessel that is permitted to carry more than 12 passengers under the conditions of its operating licence, other than—
a Class I primitive vessel; and
a Class IV vessel not let for hire or reward; and
$5,000,000 for a policy of insurance for—
a certificated local vessel that is permitted to carry 12 or less than 12 passengers under the conditions of its operating licence;
a Class I primitive vessel; or
a Class IV vessel not let for hire or reward.
In this section—
Amendment Notice (《修訂公告》) means the Merchant Shipping (Local Vessels) (Amount of Insurance Cover) (Amendment) Notice 2016; *commencement date (生效日期) means the date on which the Amendment Notice comes into operation; former section 3 (原有第3條) means section 3 in force immediately before the commencement date.The former section 3 continues to apply in relation to a local vessel as if the Amendment Notice had not been made if—
a policy of insurance in relation to the use of the vessel was in force immediately before the commencement date; and
the amount of liability covered by it for any one accident or series of accidents arising out of the same event is not less than the amount specified in the former section 3 for the vessel.
Subsection (2) ceases to have effect in relation to a policy of insurance on the earliest of the following—
the expiry of the policy;
the expiry of 1 year beginning on the commencement date;
the terms or conditions of the policy are altered in any way that would cause the policy to cease to be in compliance with section 23D of the Ordinance, even if the former section 3 continued to apply.