Merchant Shipping Act 1995 · 2020 Revised Edition · Part 8 · Liability of Shipowners and Salvorsfor Maritime Claims
139. Constitution and distribution of fund
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The Authority may, from time to time, by order prescribe the rate of interest to be applied for the purposes of paragraph 1 of Article 11 of the Convention.
Where a fund is constituted with the General Division of the High Court in accordance with Article 11 of the Convention for the payment of claims arising out of any occurrence, the General Division of the High Court may stay any proceedings relating to any claim arising out of that occurrence which are pending against the person by whom the fund has been constituted.
court
“court”, in relation to any proceedings, includes any court having jurisdiction in the matter to which the proceedings relate;
No lien or other right in respect of any ship or property is to affect the proportions in which under Article 12 of the Convention the fund is distributed among several claimants.
ship
“ship” means any kind of vessel used in navigation by water, however propelled or moved and includes —(a)a barge, lighter or other floating vessel;(b)an air-cushion vehicle, or other similar craft, used wholly or primarily in navigation by water; and(c)an off-shore industry mobile unit;