Document ID: chunk:federal_register_of_legislation:F2024C00319:reg:4
Version: federal_register_of_legislation:F2024C00319
Segment Type: reg
Provision Reference: reg 4
Character Range: 3172–3800

4  Acceptable guarantees
  Each of the following kinds of guarantees are acceptable for the purposes of paragraph 3 of Article V of the Convention:
 (a) a guarantee given by a bank within the meaning of the Banking Act 1959;
 (b) a letter of guarantee given by an organization known as a Protection and Indemnity Club, being an organization the members of which carry on the business of marine insurance including insurance in respect of pollution damage;
 (c) a guarantee given by a guarantor approved by the Minister or by an officer of the Authority authorized in writing by the Minister for the purpose of this regulation.