Point in time view as at 31/03/2023.
Merchant Shipping Act 1995, Paragraph 8 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
8(1)The Secretary of State may, with the concurrence of the Treasury, by order prescribe the rate of interest to be applied for the purposes of paragraph 1 of article 11.U.K.
(2)Any statutory instrument containing an order under sub-paragraph (1) above shall be laid before Parliament after being made.
(3)Where a fund is constituted with the court in accordance with article 11 for the payment of claims arising out of any occurrence, the court may stay any proceedings relating to any claim arising out of that occurrence which are pending against the person by whom the fund has been constituted.
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