# The Merchant Shipping (Maritime Labour Convention) (Minimum Requirements for Seafarers etc.) Regulations 2014, Regulation 26: Financial security requirement applicable to all ships


(1) A ship must not be operated unless—
(a) in the case of a ship in a category described in regulation 3(1)(a) or (b), there is in force a contract of insurance or other financial security adequate to ensure that the shipowner will be able to meet any liabilities arising from the duties in regulations 19 and 22; or
(b) in the case of a ship in the category described in regulation 3(3), financial security is provided in accordance with paragraph 2 of Regulation 2.5 (repatriation) of the MLC.
(2) A breach of paragraph (1) is an offence by the shipowner.

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Source: https://www.legislation.gov.uk/uksi/2014/1613/regulation/26 (the official version)
Page: https://openlegislation.uk/merchant-shipping-maritime-labour-convention-minimum-requirements-for-seafarers-etc-regulations-2014/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.