Hong Kong Regulations

MERCHANT SHIPPING (LOCAL VESSELS) (AMOUNT OF INSURANCE COVER) NOTICE - SECT 3

Amount of insurance cover from seventh month onwards

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

   (a)  $5000000 in the case of a policy of insurance in respect of a
        certificated local vessel which is permitted to carry more than 12
        passengers under the conditions of its operating licence, other
        than—

        (i)    a Class I primitive vessel; and

        (ii)   a Class IV vessel not let for hire or reward; and

   (b)  $1000000 in the case of a policy of insurance in respect of—

        (i)    a certificated local vessel which is permitted to carry 12 or
               less than 12 passengers under the conditions of its operating
               licence;

        (ii)   a Class I primitive vessel; or

        (iii)  a Class IV vessel not let for hire or reward.