Functions of the Authority in respect of privatised or leased ports

(1) As from the appointed day, the Authority shall perform such regulatory functions in respect of privatised or leased ports as appear to it best suited to serve the public interest, and may, for this purpose, enter into any transaction which in its opinion is necessary to ensure the performance of its regulatory functions. (2) In particular and without prejudice to the generality of the foregoing, it shall be the duty of the Authority, (a) to regulate and control navigation within the limits of ports in Belize and their approaches; (b) to regulate the use of such ports and services and facilities therein as it considers necessary or desirable; (c) to provide for such ports and the approaches thereto such beacons, buoys and other navigational services and aids as it considers necessary or desirable or as international standards demand; (d) to exercise the duties and functions relating to navigation exercisable under the provisions of any other law; (e) to perform monitoring functions, particularly in relation to dredging and the removal of wrecks and other obstructions to navigation, to maintain safe navigation channels. 65 (f) to secure safe and convenient navigation in the harbour. (3) In the exercise of its functions under this Part, the Authority shall act in a manner which is best calculated to, (a) secure that all reasonable demands for port services are satisfied; (b) protect the of users companies licensed to provide port services, by ensuring, (i) that the prices charged are in keeping with the approved tariffs; and (ii) the continuity and quality of the (4) The Authority shall not perform any operational or management functions in respect of a privatised or leased port, which are assigned to a nominated company or lessee company under section 104 of this Act.