Section 1: Establishment of the National Maritime Authority.

(1) There is hereby established a body to be known as the National Maritime Authority (in this Act referred to as "the Authority").
(2) The Authority shall be a body corporate with perpetual succession and a common seal and shall be able to sue and be sued in its corporate name.
(3) The Authority shall exercise such functions and achieve such objectives as may be conferred upon it by this Act.