Detained 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:
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
interest on the discharge expenses.
(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 bank guarantee;
a bond;
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.
This Act’s bill:Second reading speech
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