No. S 500
Merchant Shipping (Wreck Removal) Act 2017
(ACT 25 OF 2017)
Merchant Shipping (Wreck Removal)
(Compulsory Insurance) Regulations 2017
In exercise of the powers conferred by section 31(1) of the Merchant Shipping (Wreck Removal) Act 2017, the Maritime and Port Authority of Singapore, with the approval of the Minister for Transport, makes the following Regulations:
Citation and commencement
1.  These Regulations are the Merchant Shipping (Wreck Removal) (Compulsory Insurance) Regulations 2017 and come into operation on 8 September 2017.
Definitions
2.  In these Regulations —
“certificate” means a certificate issued by the Director under section 16(1) of the Act;
“certificate holder”, in relation to any certificate, means the person to whom the certificate was issued.
Cancellation and delivery up of certificates
3.—(1)  If, at any time while a certificate is in force, the certificate holder ceases to be the owner of the ship to which the certificate relates, the certificate holder must immediately deliver up the certificate to the Director for cancellation.
(2)  The Director may cancel a certificate —
(a)if it is established in any legal proceedings that the contract of insurance or other security in respect of which the certificate was issued is or may be treated as invalid; or
(b)if circumstances arise in relation to the insurer or guarantor named in the certificate (or, where more than one is so named, to any of them) such that, if the certificate were applied for at that time, the Director would be entitled to refuse the application under section 16(3) of the Act.
(3)  The Director may require the certificate holder whose certificate is cancelled under paragraph (2) to deliver up the certificate to the Director.
Penalty for non-delivery
4.  A certificate holder who fails to deliver up a certificate to the Director —
(a)as required under regulation 3(1); or
(b)if required by the Director under regulation 3(3),
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
Fees
5.  The fees specified in the second column of the Schedule are payable to the Director in respect of the matters specified in the first column of that Schedule.
Power to waive or refund fees
6.  The Director may, as the Director thinks fit, waive or refund, wholly or in part, the fees paid or payable in respect of item 1 or 2 of the Schedule.
Made on 7 September 2017.
NIAM CHIANG MENG
Chairman,
Maritime and Port Authority of Singapore.
[MPA 46/02.C26.V01/LSK; AG/LEGIS/SL/180B/2015/1 Vol. 1]