| (Cap 434, section 19(1)) [31 May 2002] (L.N. 86 of 2002) Cap 434D s 1 Rate of interest for purposes of limitation fund The rate of interest to be applied for the purposes of paragraph 1 of Article 11 of the Convention on Limitation of Liability for Maritime Claims, 1976 is- (a) from 16 January 1987 to 30 April 1987, 7.5%; (b) from 1 May 1987 to 5 November 1987, 6%; (c) from 6 November 1987 to 5 May 1988, 7.38%; (d) from 6 May 1988 to 5 October 1989, 5.89%; (e) from 6 October 1989 to 14 June 1990, 11.09%; (f) from 15 June 1990 to 25 July 1991, 10.24%; (g) from 26 July 1991 to 30 April 1992, 9.74%; (h) from 1 May 1992 to 22 October 1992, 8.72%; (i) from 23 October 1992 to 27 July 1995, 7.48%; (j) from 28 July 1995 to 11 June 1998, 8.82%; (k) from 12 June 1998 to 30 May 2002, 9.91%; (l) from 31 May 2002 onwards, 5.16%. Cap 434D s 2 Repeals The following Orders are repealed- (a) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1987 (L.N. 13 of 1987); (b) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong)(No. 2) Order 1987 (L.N. 123 of 1987); (c) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong)(No. 3) Order 1987 (L.N. 368 of 1987); (d) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1988 (L.N. 139 of 1988); (e) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1989 (L.N. 331 of 1989); (f) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1990 (L.N. 185 of 1990); (g) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1991 (L.N. 304 of 1991); (h) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong) Order 1992 (L.N. 115 of 1992); (i) Merchant Shipping (Liability of Shipowners and Others)(Rate of Interest)(Hong Kong)(No. 2) Order 1992 (L.N. 333 of 1992); (j)-(k) (Omitted as spent) |
