OpenLegislation

Paragraph 6

United Kingdom

The Assembly of the Fund (hereinafter referred to as “the Assembly”) may, having regard to the experience of incidents which have occurred and in particular the amount of damage resulting therefrom and to changes in the monetary values, decide that the amount of F130 million special drawing rights referred to in paragraph 4, subparagraph (a) and (b), shall be changed; provided, however, that this amount shall in no case exceed 60 million special drawing rights or be lower than 30 million special drawing rights. The changed amount shall apply to incidents which occur after the date of the decision effecting the change.

Annotations

Textual amendments

F1

Words substituted (22.11.1994) by Merchant Shipping Act 1979 (c. 39), ss. 38(4)(g), 52(2); S.I. 1994/2789, art. 2, Sch.

Notes on Schedule 1

Textual amendments

F1

Sch. 1 repealed (1.1.1996) by 1995 c. 21, ss. 314(1), 316(2), Sch. 12 (with s. 312(1), Sch. 14 para. 1)