Section 337: Interpretation of this Part

In this part of this Act-
"vessel" means any ship, craft, machine, rig or platform whether capable of navigation or not which is involved in a collision;
"collision" means any accident involving two or more vessels which causes loss or damage even if no actual contact has taken place;
"claimant" means any person, corporate body or legal entity to whom damages are due in respect of loss or damage (excluding death and personal injury) as a result of a collision;
"damages" means the financial compensation payable to the claimant;
"total Loss" means an actual total loss of the vessel or such damage to the vessel that the cost of saving and repairing her would be unreasonable.