Plain language law

New Zealand law explained for everyone

Maritime Transport Act 1994

Limitation of liability for maritime claims

88: Units of account

You could also call this:

"How to work out the value of money for maritime claims"

Illustration for Maritime Transport Act 1994

When working out liability for maritime claims, you need to know the value of money. The Secretary to the Treasury can give a certificate that says what a special drawing right is worth in New Zealand currency on a particular date. This certificate can be used as evidence in court to show the value of the New Zealand currency for the purposes of the LLMC Convention, as amended by the LLMC Protocol.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM336210.

This page was last updated on — View changes

Topics:
Money and consumer rights > TaxesCrime and justice > Courts and legal help

Part 7Limitation of liability for maritime claims

88Units of account

  1. Repealed

  2. For the purposes of paragraph 1 of Article 8 of the LLMC Convention (as amended by the LLMC Protocol), a certificate given by or on behalf of the Secretary to the Treasury stating—

  3. that a particular sum in New Zealand currency has been fixed as the equivalent of 1 special drawing right for a particular date; or
    1. that no sum has been fixed for that date, and that a particular sum has been so fixed for the date most recently preceding a particular date,—
        1. shall, in any proceedings, be received in evidence and, in the absence of proof to the contrary, be sufficient evidence of the value of the New Zealand currency for the purposes of paragraph 1 of Article 8 of the LLMC Convention (as amended by the LLMC Protocol).

      Compare
      • 1952 No 49 s 463
      • 1987 No 184 s 22(1)
      Notes
      • Section 88(1): repealed, on , by section 29(1) of the Maritime Transport Amendment Act 2013 (2013 No 84).
      • Section 88(2): amended, on , by section 9 of the Maritime Transport Amendment Act 2017 (2017 No 48).
      • Section 88(2): amended, on , by section 29(2) of the Maritime Transport Amendment Act 2013 (2013 No 84).