CTHRepealedLegislation
Marine Order 11 (Living and working conditions on vessels) 2015
74Financial security
Start here
Get a plain-English read of 74
Turn the raw legal text into a practical explanation grounded in Marine Order 11 (Living and working conditions on vessels) 2015.
74 Financial security
The owner of a vessel must demonstrate to AMSA’s satisfaction that the owner has financial security to assure compensation should the owner be required to provide compensation if a seafarer dies or suffers a long-term disability because of an occupational:
(a) injury; or
(b) illness; or
(c) hazard.
Note Financial security may be demonstrated by production of a current insurance cover note, evidence of protection of indemnity insurance or coverage under a Seacare scheme.