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Section 202: Conversion of special drawing rights

Merchant Shipping Act · PART IX: LIMITATION AND DIVISION OF LIABILITY FOR MARITIME CLAIMS

consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

202. Conversion of special drawing rights (1) For the purpose of converting the amounts mentioned in sections 197, 198, 199 and 200 from special drawing rights into rupees, one special drawing right shall be treated as equal to such a sum in rupees as the International Monetary Fund has fixed as being the equivalent of one special drawing right for— (a) the date on which the limitation fund shall have been constituted and guarantee given under section 204; or (b) the date on which payment is effected if no limitation fund shall have been constituted; or (c) if no sum has been so fixed for those dates, the last preceding date for which a sum has been so fixed. (2) Section 182 (2) shall apply to subsection (1).

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