Regulation 53I Duty on shipowner’s security provider to notify the Secretary of State where a shipowner’s security has been terminatedF1

If a shipowner’s security provider terminates a shipowner’s security before the end of its period of validity, the shipowner’s security provider must give notice to that effect to the Secretary of State.

A notice under paragraph (1) must—

Failure to give notice under paragraph (1) within the period of 30 days beginning with the date on which the shipowner’s security was terminated is an offence by the shipowner’s security provider.