Section 10 Substantial damage or destruction of vessel

(1)

Where any vessel to which an application which has been approved under paragraph 6 relates is substantially damaged or destroyed—

(a)

the applicant shall forthwith in writing notify and provide full details to the Ministers of the damage or destruction;

(b)

the applicant shall with the notice referred to in paragraph (a) above furnish the Ministers with information concerning—

(i)

any policy of insurance in respect of the vessel which was in force at the time of, and

(ii)

any criminal or civil proceedings which to his knowledge are contemplated or in progress in respect of,

the incident;

(c)

the applicant shall provide the Ministers with such further information as they may require concerning the incident, the insurance arrangements relating to the vessel and any such criminal or civil proceedings;

(d)

the applicant shall if requested by the Ministers provide them with written authority authorising contact with the insurers of the vessel;

(e)

the applicant shall notify the Ministers of any amount received under such policy of insurance, or by way of compensation or damages, as a result of the incident.

(2)

Sub-paragraph (1) above shall apply regardless of whether or not the method of decommissioning the vessel had been approved under paragraph 8(2) before the incident occurred.

(3)

In this paragraph “incident” means an incident in which the vessel to which an approved application relates is substantially damaged or destroyed.