Singapore legislation

Regulation 5

of Merchant Shipping (Maritime Labour Convention) (Financial Security) Regulations 2017

Regulation 5

Requirements of financial security contract for death or long‑term disability

A financial security contract for death or long‑term disability must provide —

(a)

that any of the following persons may bring a claim for compensation:

(i)

a seafarer who suffers long‑term disability;

(ii)

a next‑of‑kin of a seafarer who dies or suffers long‑term disability;

(iii)

a representative of a seafarer who dies or suffers long‑term disability;

(iv)

a beneficiary of a seafarer who dies or suffers long‑term disability;

(b)

that compensation in the event of death or long‑term disability to seafarers arising from occupational injury, illness or hazard must be paid —

(i)

in full; and

(ii)

without delay;

(c)

that, where full compensation in the event of long‑term disability to a seafarer is difficult to assess by reason of the nature of the disability, interim payments must be made to the seafarer to avoid undue hardship;

(d)

that the parties to the payment of a claim for compensation under the financial security contract must sign a receipt and release in the form set out in the First Schedule; and

(e)

that the signed receipt and release must be submitted by the shipowner to the Director not later than 30 days after it has been signed.

Read in full context — Merchant Shipping (Maritime Labour Convention) (Financial Security) Regulations 2017 →