Section 12D

any change in the control of the approved port operator;

any industrial dispute between the approved port operator and its employees;

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any industrial accident or mishap involving any servant, employee or agent of the approved port operator;

any fire occurrence within its premises or that of any

Port Authority or any accident or incident (whether arising from natural or other causes) which results in substantial damage to such premises; and

any proceeding or claim instituted or made against the approved port operator which may effect its ability to perform any of its duties or port undertakings.

For the purposes of subsection (1)(a), the expression

“control”, in relation to an approved port operator, means the power to direct the management and policy of the approved port operator.

[Ins. Cap. A70; Am. Cap. A77.]

Penalty