Citation and commencement

1. This Order may be cited as the Merchant Shipping (Oil Pollution Compensation Limits) Order 2003 and shall come into force on 1st November 2003 in relation to occurrences on or after that date.

Amendment of compensation limits for oil pollution

2. —(1)The Merchant Shipping Act 1995 is amended as follows.

(2) In section 157 (limitation of liability for oil pollution by tankers), in subsection (2)—

(a) in paragraph (a), for “three million” substitute “4.51 million”;

(b) in paragraph (b)—

(i) for “three million” substitute “4.51 million”;

(ii) for “420” substitute “631”;

(iii) for “59.7 million” substitute “89.77 million”.

(3) In Part 1 of Schedule 5 (text of paragraphs 4 and 5 of Article 4 of the Fund Convention), in the text of paragraph 4—

(a) in sub-paragraphs (a) and (b), for “135 million” substitute “203 million”;

(b) in sub-paragraph (c), for “200 million” substitute “300.74 million”.