Compulsory insurance or other financial security for maritime claims subject to limitation
Section 172 of the Merchant Shipping Act, 2025 deals with compulsory insurance or other financial security for maritime claims subject to limitation. Every registered owner of an Indian vessel and of any vessel other than an Indian vessel entering or departing a port in India or operating in the coastal waters shall maintain compulsory insurance or such other financial security from an insurer or organisation as may be prescribed, in respect of s The Act came into force on 15 Mar 2026.
(1) Every registered owner of an Indian vessel and of any vessel other than an Indian vessel entering or departing a port in India or operating in the coastal waters shall maintain compulsory insurance or such other financial security from an insurer or organisation as may be prescribed, in respect of such vessel.
(2) The insurance shall cover maritime claims subject to limitation specified under section 162.
(3) The amount of insurance for each and every vessel per incident shall be at least equal to the relevant maximum amount for the limitation of liability provided under section 165 and for passenger claims the relevant maximum amount for the limitation of liability under section 166.
(4) Any vessel departing a port in India in contravention of this section shall be liable to be detained by such authority as may be prescribed.
Section 172, The Merchant Shipping Act, 2025 (Act 24 of 2025).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 172
What does Section 172 of the Merchant Shipping Act deal with?
Section 172 of the Merchant Shipping Act is headed "Compulsory insurance or other financial security for maritime claims subject to limitation". Every registered owner of an Indian vessel and of any vessel other than an Indian vessel entering or departing a port in India or operating in the coastal waters shall maintain compulsory insurance or such other financial security from an insurer or organisation as may be prescribed, in respect of s
How do I find court cases under Section 172 of the Merchant Shipping Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Merchant Shipping Act 2025 172, section 172 Merchant Shipping Act 2025, section 172 of the Merchant Shipping Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 172 of the Merchant Shipping Act, and has it changed?
Its own text turns on section 162 (Limitation of liability for damages in respect of certain claims), section 165 (Limits of liability), section 166 (Limit for passenger claims), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When did Section 172 of the Merchant Shipping Act come into force?
Section 172 of the Merchant Shipping Act, cited as Merchant Shipping Act 2025 172, came into force on 15 Mar 2026, having been enacted on 18 Aug 2025. It is in force as at the date shown on this page.
Other sections of this Act
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- 3. Definitions2558 words
- 89. Power to refer disputes between seafarers and employers to Tribunal770 words
- 91. Relief and maintenance of abandoned seafarers739 words
- 113. Power to make rules738 words
- 138. Power to take measures for containment of pollution and reporting of incidents667 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.