Finance Act 1994

6(1)A contract falls within this paragraph if it relates only to a lifeboat and lifeboat equipment and is such that, if it related only to a lifeboat, it would fall within paragraph 5 above.U.K.

(2)In deciding whether a contract relates to lifeboat equipment the nature of the risks concerned is immaterial, and they may (for example) be risks of dying or sustaining injury or of loss or damage.

(3)For the purposes of this paragraph—

(a)“lifeboat” has the meaning given by paragraph 5(3) above; and

(b)“lifeboat equipment” means anything used or to be used solely in connection with a lifeboat.