Sea Pollution (Hazardous Substances) (Compensation) Act 2005

Conversion of amounts in units of account into currency of State for purposes of Convention.

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11.—(1) For the purpose of the limits of liability specified in Article 9 of the Convention, the value in the currency of the State of a unit of account shall be taken to be its value, ascertained in accordance with paragraph 9 of that Article, in that currency on the day specified in subparagraph ( a) of the said paragraph 9 or, if its value on that day cannot be so ascertained, its value in that currency on the latest day, on which it can be so ascertained, before the first-mentioned day.

(2) For the purposes of Article 14 of the Convention, the value in the currency of the State of a unit of account shall be taken to be its value, ascertained in accordance with paragraph 5( d) of that Article, in that currency on the day specified in the said paragraph 5( d) or, if its value on that day cannot be so ascertained, its value on the latest day, on which it can be so ascertained, before the first-mentioned day.

(3) For the purposes of this section, a certificate purporting to be signed by an officer of the Central Bank and stating that—

( a) a specified amount in the currency of the State is the value of a unit of account on a specified day, or

( b) the value in the currency of the State of a unit of account on a specified day cannot be ascertained in accordance with the Convention and that a specified amount in the currency of the State is the value of a unit of account ascertained in accordance with that Convention on a specified day (being the latest day, on which such value can be so ascertained, before the first-mentioned specified day),

shall be admissible as evidence of the matters stated in the certificate.