Explanatory Note
(This note is not part of the Order)
This Order provides that the rate of interest to be included in the limitation fund constituted by a person seeking to limit his liability by virtue of the Convention on Limitation of Liability for Maritime Claims 1976 shall be 6.75 per cent in respect of any period after 31st December 1994 and revokes the former Order (under which the rate was 12 per cent.)