Paragraph 7 Disapplication of 75% limit for ship managers

in sub-paragraph (1), in the words before paragraph (a), after “of” insert “a relevant company or group”, and

after sub-paragraph (5) insert—

“(6)

For the purposes of sub-paragraph (1)—

(a)

a company is “relevant” if it operates one or more qualifying ships, and

(b)

a group is “relevant” if it has one or more members that operate one or more qualifying ships.”