Paragraph 10

For section 17 there shall be substituted the following section:—

“17

Fishing boats or fishing gear lost or abandoned at sea and either—

(a)

found or taken possession of within the territorial waters of the Isle of Man; or

(b)

found or taken possession of beyond these waters and brought within those waters;

shall be treated as wreck for the purposes of the Shipping Casualties Act 1894 (an Act of Tynwald).”.