Limitation calculations for smaller vessels

(1) The limits of liability for claims other than those referred to in section 78 of this Act, arising on any distinct occasion, shall be calculated as follows, (a) in respect of claims for loss of life or personal injury, = = 166,667 special drawing rights for a ship with a tonnage not exceeding 300 tons; (b) in respect of any other claims, = = 83,333 special drawing rights for a ship with a tonnage not exceeding 300 tons. (2) The Minister may make regulations for the limits of liability for ships of less than 300 tons and shall inform the IMO of any such limits of liability.