Section 397: Interim payment
(1)
The court may, by an interim decision, order that a salvor be paid on account, such amount as seems fair and just and on such terms including terms as to security where appropriate, as may be fair and just according to the circumstances of the case.
(2)
Where an interim payment is made under subsection (1) of this section, the security provided under section 397 of this Act shall be reduced accordingly.
Cite this section
Section 397, MERCHANT SHIPPING ACT, 2007 (2007).
https://repo.podus.ai/laws/merchant-shipping-act-2007/section/397/