158 Limitation actions

158  Limitation actions

(1)     Where the [registered owner] of a ship has or is alleged to have incurred a liability under section 153 he may apply to the court for the limitation of that liability to an amount determined in accordance with section 157.

(2)     If on such an application the court finds that the applicant has incurred such a liability [but has not found that he is not entitled to limit it], the court shall, after determining [the limit which would apply to the applicant's liability if he were entitled to limit it] and directing payment into court of the amount of that limit—

(a)     determine the amounts that would, apart from the limit, be due in respect of the liability to the several persons making claims in the proceedings; and

(b)     direct the distribution of the amount paid into court (or, as the case may be, so much of it as does not exceed the liability) among those persons in proportion to their claims, subject to the following provisions of this section.

[(2A)     Where—

(a)     a distribution is made under subsection (2)(b)

Powered by Lexis+®

Popular documents