1 The registered owner of a ship having a gross tonnage greater than 1000 registered in a State Party shall be required to maintain insurance or other financial security, such as the guarantee of a bank or similar financial institution, to cover the liability of the registered owner for pollution damage in an amount equal to the limits of liability under the applicable national or international limitation regime, but in all cases, not exceeding an amount calculated in accordance with the Convention on Limitation of Liability for Maritime Claims, 1976, as amended.
Registrirani lastnik ladje, katere bruto tonaža presega 1000 in je registrirana v državi pogodbenici, mora obdržati zavarovanje ali drugo finančno jamstvo, kot je garancija, ki jo izda banka ali podobna finančna ustanova, da bi kril odgovornost registriranega lastnika za škodo zaradi onesnaženja v znesku, ki je enak mejam odgovornosti po veljavnem nacionalnem ali mednarodnem režimu, toda v vsakem primeru ne presega zneska, izračunanega skladno s Konvencijo iz leta 1976 o omejevanju odgovornosti za pomorske zahtevke, kakor je spremenjena.