Merchant Shipping (Liability of Shipowners and Others) Act, 1996

Monetary limit under Article 7 of the 1974 Convention: power to increase as against certain carriers.

23.—The Minister may by order provide that, in relation to a carrier whose principal place of business is in the State, paragraph 1 (inserted by the 1976 Protocol) of Article 7 of the 1974 Convention shall have effect with the substitution for the monetary limit specified in that paragraph of a higher monetary limit specified in the order (which shall not be lower than the monetary limit specified in paragraph 1 of Article 7 of the Convention referred to in section 7 ).