# The Merchant Shipping (Maritime Labour Convention) (Minimum Requirements for Seafarers etc.) Regulations 2014, Regulation 53P: Subrogation


(1) Paragraph (2) applies where an abandonment security provider provides financial assistance (“the sum provided”) to a seafarer under an abandonment security.
(2) Any rights which a seafarer has (or but for the payment of that sum would have had) against the shipowner as a result of being abandoned are, with respect to the sum provided, transferred to and vested in the abandonment security provider.

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Source: https://www.legislation.gov.uk/uksi/2014/1613/regulation/53P (the official version)
Page: https://openlegislation.uk/merchant-shipping-maritime-labour-convention-minimum-requirements-for-seafarers-etc-regulations-2014/regulation-53P
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.