S.L. 499.26 Art. 35Deposit or bank guarantee.

(1) The Authority may require any person who in terms of regulation 34(3) is bound to pay the pilotage tariff, to make a deposit, or to furnish a bank guarantee issued by a local bank in favour of the Authority in such amount as the Authority considers sufficient to cover payment of such tariff.

(2) The Authority may recover any pilotage tariff out of such deposit or bank guarantee if such tariff is not paid within eight working days from the day on which payment is demanded.

(3) Whenever the Authority takes such measure it shall promptly give the person who has made the deposit or furnished the guarantee an account of such payments recovered therefrom.

(4) If the person so directed to make such deposits contravenes the provisions of this regulation he shall be liable to the payment of a penalty not exceeding eleven thousand and six hundred and forty-six euro and eighty-seven cents (11,646.87).