12Relevant insurance certificate—prescribed amount

12 Relevant insurance certificate—prescribed amount

(1) For the definition of relevant insurance certificate in section 19A of the Act, the prescribed amount is the amount necessary to cover the liability of the ship’s owner for pollution damage in respect of an incident up to: (a) if the Convention applies to the ship—the limit of liability for the ship under the applied provisions of the Convention; or (b) if the Convention on Limitation of Liability for Maritime Claims, 1976, as amended by the 1996 Protocol, applies to the ship—the total of the limits of liability, for the ship, for each kind of claims under that Convention, as it has effect for Australia under the Limitation of Liability for Maritime Claims Act 1989.

Note: The Convention on Limitation of Liability for Maritime Claims and the 1996 Protocol are reproduced in Schedules 1 and 1A, respectively, of the Limitation of Liability for Maritime Claims Act 1989.

(2) In this regulation:

incident means an occurrence, or series of occurrences, having the same origin.