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10. Offences and penalties

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(1)

A shipowner who contravenes regulation 7, 8(1) or 9(1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

(2)

An approved financial security provider who contravenes regulation 8(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

Subregulation 1

A shipowner who contravenes regulation 7, 8(1) or 9(1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

Subregulation 2

An approved financial security provider who contravenes regulation 8(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

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