Custody of abandoned wreck

(1) Every person bringing to shore within Belize abandoned wreck, and whether or not in pursuance of an agreement made under the provisions of this Act, shall forthwith report the same to the Chairperson of the Authority and thereafter deposit the same for safe custody in such place and manner as the said Chairperson, with the approval of the Minister, may direct in writing. (2) Any person who fails to comply with the provisions of subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding one hundred thousand dollars or imprisonment for a term not exceeding two years, or to both such fine and term of imprisonment, and in addition all such abandoned wreck shall be forfeited.