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The Bangladesh Merchant Shipping Ordinance, 1983

( Ordinance NO. XXVI Of 1983 )

Chapter 41

LIMITATION OF LIABILITY OF SHIPOWNERS

Insurance of certain risks not invalid
474. An insurance effected against the happening without the owners' actual fault or privity, if any, or all of the events in respect of which the liability of owners is limited under this Chapter shall not be invalid by reason of the nature of the risk.

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