Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (AMOUNT OF INSURANCE COVER) NOTICE - SECT 2

Amount of insurance cover for first 6 months

The following amounts are specified for the purposes of section 23D(3)(c) of
the Ordinance for the period of 6 months beginning on the commencement of this
Notice—

   (a)  $3000000 in the case of a policy of insurance in respect of—

        (i)    a local vessel which was, immediately before the commencement
               of section 23D of the Ordinance, a ferry vessel or launch as
               defined in section 107B(3) of the Merchant Shipping Ordinance (
               Cap 281) in force immediately before that commencement; or

        (ii)   a local vessel which is certificated under the Merchant 
               Shipping (Local Vessels) (Certification and Licensing) Regulation
               ( Cap 548 sub. leg. D) for— (A) Class I: ferry vessel, launch
               or multi-purposes vessel; or (B) Class II: transportation boat
               or tug; and

   (b)  $600000 in the case of a policy of insurance in respect of—

        (i)    a local vessel which was, immediately before the commencement
               of section 23D of the Ordinance, a pleasure vessel as defined
               in section  107B (3) of the Merchant Shipping Ordinance (
               Cap 281) in force immediately before that commencement; or

        (ii)   a local vessel which is certificated under the Merchant 
               Shipping (Local Vessels) (Certification and Licensing) Regulation
               ( Cap 548 sub. leg. D) for Class IV.