Central Act
204
Section 204. Maintenance of compulsory insurance or other financial security.
The Merchant Shipping Act, 2025
In forceAll India (Central Act)
204. Maintenance of compulsory insurance or other financial security. Every registered owner of a ship having gross tonnage of more than one thousand tons shall, for the purpose of his liability for pollution damage under this Chapter, maintain compulsory insurance coverage or such other financial security, subject to such limits as may be specified under the Limitation of Liability for Maritime Claims Convention.