Shipping Investment Grants Act, 1987

Conditions imposed in making of grants under Act.

6.—(1) The Minister, in making a grant under this Act, shall impose such conditions as he, with the concurrence of the Minister for Finance, thinks fit for-—

(a) securing that any ship in respect of which a grant has been, or is proposed to be, made will continue to be used as required by those conditions, and

(b) restricting the charter of any such ship.

(2) Without prejudice to the generality of subsection (1) of this section, conditions imposed by the Minister pursuant to that subsection may require that, in such circumstances (including the loss, transfer or other disposal of the ship), and within such time, as the Minister may specify, the entire of the grant, or such part thereof as may be specified, shall be repaid to the Minister.

(3) Any sum due to be repaid to the Minister on foot of a condition imposed pursuant to this section may be recovered by the Minister as a simple contract debt in any court of competent jurisdiction.

(4) The Minister may, by notice in writing, require any person who has received a grant under this Act, and any person acting on that person's behalf, to furnish to the Minister such information, or to produce for examination on behalf of the Minister, such books, records or other documents as may be specified in the notice for the purpose of enabling the Minister to determine whether any condition subject to which the grant was made has been satisfied, or is being complied with, or whether the grant has become repayable, in whole or in part, in accordance with any such condition.

(5) A notice under subsection (3) of this section may require the information to which it is related to be furnished within such time as may be specified in the notice and may require documents to be produced at such time and in such place as may be so specified.