Contracts to manage IMMARBE abroad

(1) For the more efficient operation of IMMARBE, the Minister may, if he thinks fit, engage the services of a person or a body corporate possessing the qualifications and expertise necessary to manage IMMARBE’s business abroad. (2) Any such contract as is referred to above may authorize the person or body corporate with whom it is made to do all things necessary for IMMARBE’s operations, including the designation of worldwide representatives of IMMARBE, approval of classification societies and radio accounting authorities, appointment and approval of worldwide inspectors, and establishment of IMMARBE’s offices abroad. (3) Every such contract as is referred to in this section shall contain a provision that the Auditor-General shall be entitled to audit the accounts of the person or body corporate who is contracted to manage IMMARBE’s operations.