Substantial damage or destruction of vessel
10.—(1) In the event of the substantial damage or destruction of the vessel to which an application which has been approved under paragraph 6 relates–
(a)the applicant shall forthwith in writing notify and provide full details to the Ministers of the damage or destruction;
(b)the applicant shall with the notice referred to in paragraph (a) furnish the Ministers with information concerning–
(i)any policy of insurance in respect of the vessel which was in force at the time of that event; and
(ii)any criminal or civil proceedings which to the knowledge of the applicant are contemplated or in progress in respect of the event;
(c)the applicant shall provide the Ministers with such further information as they may require concerning the incident, the insurance arrangements relating to the vessel and any such criminal or civil proceedings;
(d)the applicant shall if requested by the Ministers provide them with written authority authorising contact with the insurers of the vessel; and
(e)the applicant shall notify the Ministers of any amount received under such policy of insurance, or by way of compensation or damages, as a result of the event.
(2) Sub-paragraph (1) shall apply regardless of whether or not the method of decommissioning the vessel had been approved under paragraph 8(2) before the event occurred.