Article 161. Losses caused by damage to a ship, its machinery or accessories of the Merchant Shipping Act
1. Losses resulting from damage to a vessel, its machinery or accessories that constitute a general accident are determined based on the cost of repairing, correcting or replacing what is damaged or lost. At the same time, discounts are made "for new instead of old" in accordance with Article 163 of this Law.
2. If the ship has not been repaired, losses from damage to the ship are determined in the amount by which the value of the ship has decreased as a result of the damage and which, according to the estimate, is not higher than the cost of repairing the ship.
The Law of the Republic of Kazakhstan dated January 17, 2002 No. 284.
This Law defines the legal, organizational, economic and international foundations of public administration in the field of merchant shipping and regulates relations related to the transportation of passengers, baggage and cargo, ensuring safety in maritime transport and environmental protection.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases