Section 14

This Division applies to a ship, other than an excluded ship, having a gross tonnage of 300 or above.

In this Division —

“covered by wreck removal insurance”, in respect of a ship, means that there is in force in respect of the ship wreck removal insurance;

“excluded ship” means a ship specified in the Second Schedule;

“foreign ship” means a ship other than a Singapore ship;

“wreck removal insurance” means a contract of insurance or other financial security satisfying the requirements of Article 12 of the Convention.