This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force 28 days after notification in the Gazette, amends the Maritime Transport (Fund Convention) Levies Order 1996 to reflect New Zealand's accession on 25 June 1999 to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992.
The 1992 convention, which replaces a predecessor arrived at in 1971,—
• does not contain provisions relating to initial contributions to the fund (established under the 1971 convention continued in effect by it:
• does not contain the power to require financial security from contributors that was contained in the 1971 convention:
• provides for a process for fixing the amount of the levy payable by contributors that differs from the process under the 1971 convention:
• imposes on contracting states liability for losses incurred by the fund as a result of failures by contracting states to submit data on persons liable to contribute to the fund.