Haw. Code R. § 19-42-10

Current through November, 2024
Section 19-42-10 - Performance bond required of idle vessel

Before being allowed entry into a state commercial harbor an owner of an idle vessel, not actively engaged in commerce, shall post a performance bond issued by a firm doing business in Hawaii guaranteeing the vessel's removal from the harbor by a specified date. This bond shall be for an amount equal to ten percent of either the value of the vessel and its cargo as appraised by a competent marine surveyor or the estimated costs to be incurred to remove and dispose of the vessel, whichever is greater. The appraisals shall be obtained at the expense of the owner of the vessel.

Haw. Code R. § 19-42-10

[Eff 5/20/82; am 12/5/83; am 12/20/85; comp 2/26/96] (Auth: HRS §§ 266-2, 266-3) (Imp: HRS §§ 266-2, 266-3)