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Regulation 29 Insurance and reinsurance services in relation to shipsI1I2

United Kingdom

(1)

A person (“P”) must not provide insurance or reinsurance services in relation to a ship if P knows, or has reasonable cause to suspect, that P is providing such services in relation to a ship that is—

(a)

owned, controlled or operated by a person connected with the DPRK;

(b)

a specified ship;

(c)

a ship registered in the DPRK, or

(d)

a ship flying the flag of the DPRK.

(2)

Paragraph (1) is subject to Part 9 (Exceptions and licences).

(3)

A person who contravenes the prohibition in paragraph (1) commits an offence.

(4)

For the purposes of paragraph (1), the reference to a ship being “owned” or “controlled” by a person is to be interpreted in accordance with regulation 80.

(5)

In this regulation—

  • “ship” includes every description of vessel (including a hovercraft) used in navigation;

  • “specified ship” means a ship specified by the Secretary of State under regulation 11(1) or (2).

Annotations

Commencement

I1

Reg. 29 not in force at made date, see reg. 1(2)

I2

Reg. 29 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)