86Detained ship must be released on giving security

86 Detained ship must be released on giving security (1) The Chief Executive Officer must release a ship detained by an authorised officer if a security or guarantee is given under this section. (2) The amount of the security must be enough, in the Chief Executive Officer's opinion, to cover: (a) the Territory's discharge expenses in relation to the ship; (b) the penalty likely to be payable if a successful prosecution for an offence against section 14, 21, 27, 31, 34, 38 or 43 were to be taken; and (c) interest on the discharge expenses.

Marine Pollution Act 1999 55 (3) The security may be provided in one or more of the following forms, or in another form, the Chief Executive Officer considers appropriate: (a) a bank guarantee; (b) a bond; (c) an insurance policy. (4) The Chief Executive Officer must make a decision about the amount and form of security or guarantee within a reasonable time.