In case of loss or foundering of any vessel, the ship owner shall pay to each seafarer onboard such indemnity against unemployment resulting from such loss or foundering, as may be prescribed.
Section 68: Compensation for vessel’s loss or foundering.
The Merchant Shipping Act, 2025Central Act · Act 24 of 2025
Where this provision sits
| Act | The Merchant Shipping Act, 2025 |
|---|---|
| Section | 68 |
| Marginal note | Compensation for vessel’s loss or foundering. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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