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A new Canadian law aimed at reducing the incidence of abandoned vessels could see owners of derelict craft fined up to C$6m.

Passed into law last week, Bill C-64, The Wrecked, Abandoned or Hazardous Vessels Act, prohibits vessel abandonment and increases owner responsibility and liability for vessels while simultaneously enabling the Government of Canada to remove problem vessels and send owners the bill.

Not complying with the Act now can result in penalties of up to $50,000 for individuals and $250,000 for companies or corporations, while regulatory offence prosecution could result in a maximum fine of $1m for individuals and $6m for companies or corporations. Read on.