Section 7
Liabilities in respect of port undertakings
of Ports (Privatisation) Act 1990
ActIn forceProvision 8 of 25
Section 7
(1)
Where any port undertakings are to be transferred to a licensed operator the port authority shall identify its liabilities in relation to the same undertakings in the port privatization plan.
(2)
The liabilities so identified shall remain liabilities of the port authority except to the extent of any written agreement to the contrary between—
(a)
the port authority;
(b)
the licensed operator;
(c)
the person to whom the liability is owed; and
(d)
any guarantor of the liability.