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16. Financial Security Shipowner Liability

Financial security relating to the shipowners’ liability (Regulation 4.2)

Seafarers on board Faroese ships are covered by the Faroese Parliamentary Act on Industrial Injury Insurance on an equal footing with persons working in the Faroe Islands.

For confirmation of the protection of the seafarers and the master pursuant to the Faroese Parliamentary Act on Industrial Injury Insurance(Arbeiðsskaðalógin), attached declaration shall be available to the seafarers on board the ship. The declaration shall be in the working language of the ship or in English. If the ship is engaged in international trade, it shall be in English or a translation to English shall be attached.