CourtMesh

Section 172: Compulsory insurance or other financial security for maritime claims subject to limitation.

The Merchant Shipping Act, 2025Central Act · Act 24 of 2025

(1) Every registered owner of an Indian vessel and of any vessel other than an Indian vessel entering or departing a port in India or operating in the coastal waters shall maintain compulsory insurance or such other financial security from an insurer or organisation as may be prescribed, in respect of such vessel.

(2) The insurance shall cover maritime claims subject to limitation specified under section 162.

(3) The amount of insurance for each and every vessel per incident shall be at least equal to the relevant maximum amount for the limitation of liability provided under section 165 and for passenger claims the relevant maximum amount for the limitation of liability under section 166.

(4) Any vessel departing a port in India in contravention of this section shall be liable to be detained by such authority as may be prescribed.

Where this provision sits

ActThe Merchant Shipping Act, 2025
Section172
Marginal noteCompulsory insurance or other financial security for maritime claims subject to limitation.
JurisdictionCentral
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Merchant Shipping Act, 2025 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.