reg 53S Duty on shipowner to notify seafarers if abandonment security is to be terminated
(1) Where the shipowner becomes aware that any abandonment security that relates to a ship is to be, or has been, terminated before the end of its period of validity, the shipowner must give notice to that effect to all seafarers who work on the ship during the notification period. (2) A notice under paragraph (1) must— (a) be in writing; (b) state the date on which the abandonment security is to be or was terminated; and (c) be given as soon as reasonably practicable after the shipowner becomes aware that the abandonment security is to be or was terminated. (3) A breach of paragraph (1) is an offence by the shipowner. (4) In this regulation, the “notification period” means the period — (a) beginning with the date on which the shipowner becomes aware that the abandonment security is to be, or has been, terminated before the end of its period of validity; and (b) ending with on the date that the shipowner becomes aware that the abandonment security has been replaced or reinstated.