Merchant Shipping Act 2010

77.

Costs.

77.— (1) Any costs relating to the raising of a vessel under this Part, its transport, storage, disposal or sale shall be borne by the relevant party.

(2) The proceeds of any sale under section 76 shall be set against any costs incurred by the relevant party as outlined in subsection (1) and the net proceeds, if any, shall be paid to the owner of the vessel.