S.L. 499.3 Art. 19Deposit or bank guarantee.

(1) The Authority may require any person or client who in terms of regulation 18 is bound to pay the tariff for mooring services to make a deposit or to furnish a bank guarantee issued by a local bank in favour of the Authority in such amount as it considers sufficient to cover the payment of such tariff.

(2) The Authority may recover any tariff for mooring services out of such deposit or bank guarantee if such tariff is not paid within ten working days from the date of the invoice.

(3) The bank guarantee or deposit shall be reintegrated by the person or client to its original sum within ten days of being notified of any deduction.