7Amount of levy

7 Amount of levy

(1) Where levy is payable in respect of a ship, the amount of levy is the amount, or the total of the amounts, worked out using whichever of the levy rates apply to the ship. (2) For the purposes of this Act, each of the following rates is a levy rate in relation to a ship: (a) 4 cents, or such other amount as is from time to time prescribed, for each of the first 5,000 tons of the ship’s tonnage; (b) 3 cents, or such other amount as is from time to time prescribed, for each ton by which the ship’s tonnage is more than 5,000 tons but not more than 20,000 tons; (c) 3 cents, or such other amount as is from time to time prescribed, for each ton by which the ship’s tonnage is more than 20,000 tons but not more than 50,000 tons; (d) 2 cents, or such other amount as is from time to time prescribed, for each ton by which the ship’s tonnage is more than 50,000 tons.