1986 Ed.]
Merchant Shipping
[CAP. 281
39
(d) the conditions subject to which the persons or classes of
persons specified in the policy will be indemnified, and every such record shall be preserved for 1 year from the date of expiry of the policy,
(2) Every authorized insurer by whom records are required to be kept under subsection (1) shall, without charge, furnish to the Director or the Commissioner of Police on request any particulars thereof.
107L. Where to the knowledge of an authorized insurer a policy issued by him for the purposes of this Part ceases to be effective without the consent of the person to whom it was issued otherwise than by effluxion of time or by reason of his death, the insurer shall forthwith notify the Director and the Commissioner of Police of the date on which the policy ceased to be effective.
107M. (1) Any person-
(a) applying for a pleasure vessel licence under regulation 3 of
the Merchant Shipping (Pleasure Vessels) Regulations; (b) producing a pleasure vessel licence to the Director for endorsement following a transfer of ownership to him under regulation 6 of the Merchant Shipping (Pleasure Vessels) Regulations,
shall, upon such application or production, produce to the Director any necessary policy of insurance or such other documentary proof as shall be sufficient to indicate that-
(i) on the date when such pleasure vessel licence takes effect
there will be in operation; or
(ii) in the case of a transfer of ownership there is in operation, such policy of Insurance in respect of third party risks as is required under section 107C.
The Director shall not issue a pleasure vessel licence to any applicant who fails to comply with subsection (1).
107N. Any authorized insurer who contravenes section 107K or 107L commits an offence and is liable to a fine of $1,000 and to
imprisonment for 3 months.
(Part XIVA added, 65 of 1978, s. 2)
Termination of policy.
Production of proof of
application for pleasure vessel licence or on production of licence following transfer of ownership of pleasure vessel. (Cap. 281, sub. leg.)
insurance on
Offences and penalties.
61/89511
PART XV
DETENTION OF SHIP IN CERTAIN EVENTS
108. Where under this Ordinance it is enacted that, under certain conditions, a ship shall not leave the waters of or any port of Hong Kong, the Director may under such conditions detain the ship until he is satisfied that the provisions of the law have been fulfilled.
Power to detain ship in certain
cases.
[cf. pr. Act, s. 692(3).]
61/89513
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